Schedule of Expected Cash Collections July August September Quarter Account Receivable( June 30) $ 29,250 $ 29,250
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Schedule of Expected Cash Collections | ||||
July | August | September | Quarter | |
Account Receivable( June 30) | $ 29,250 | $ 29,250 | ||
July Sales | $ 13,520 | $ 38,480 | $ 52,000 | |
August Sales | $ 14,560 | $ 41,440 | $ 56,000 | |
September | $ 15,600 | $ 15,600 | ||
Total Cash Collections | $ 42,770 | $ 53,040 | $ 57,040 | $ 152,850 |
What would be my new account receivable for the quarter ending September 30
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
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