Question: can u plz explain how they got the answers below 4. Ellis Sport Shop projects the following sales: April $75,000 May June $95.000 $1 10.000

can u plz explain how they got the answers below

can u plz explain how they got the answers below 4. Ellis

4. Ellis Sport Shop projects the following sales: April $75,000 May June $95.000 $1 10.000 Ninety percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $60,000 and March sales were $70,000. In the past Ellis' bad debt percentage has been 0 and this rate is expected to continue. A) Prepare a monthly schedule of cash receipts for April-June. B) What is the balance of Receivables at the end of June? A) February March April Man June Sales $60,100 $70.0:00 $75.000 595.000 $1 10,000 Credit Sales 54.000 63.C00 67.500 85.500 09.000 Collections: Cash (109s of Sales) 6.010 7.000 7.500 1 1,000 609's first month after sale 37.800 10 500 31.300 10% second month after sale 21,600 25.200 27.000 Total Receipts $66,900 $75,200 $89,300 B) Receivables End of June: 90% of June Sales 599.000 40% of May Credit Sales 34,200 $133,200

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