. Shatner Company has budgeted sales revenue as follows January February March April May June Budgeted Sales...

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Shatner Company has budgeted sales revenue as follows January February March April May June Budgeted Sales Revenues $55.000 80,000 90.000 75,000 50.000 15,000 Past experience has indicated that 80% of sales each month are on credit and that collectiono credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale. and 5% in the second month following the sale The other 5% is uncollectible. Instructions Prepare a schedule which shows expected cash receipts from sales for the months of April. May, and June Sample format for your answer is below: SHATNER COMPANY Expected Cash Receipts from Sales For the Quarter Ended June 30 May Aeri Febrary sales March sales A sales May sales ant sales Total cash receipts by month Shatner Company has budgeted sales revenue as follows January February March April May June Budgeted Sales Revenues $55.000 80,000 90.000 75,000 50.000 15,000 Past experience has indicated that 80% of sales each month are on credit and that collectiono credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale. and 5% in the second month following the sale The other 5% is uncollectible. Instructions Prepare a schedule which shows expected cash receipts from sales for the months of April. May, and June Sample format for your answer is below: SHATNER COMPANY Expected Cash Receipts from Sales For the Quarter Ended June 30 May Aeri Febrary sales March sales A sales May sales ant sales Total cash receipts by month

Answer rating: 100% (QA)

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