X-Tel budgets sales of $102,000 for April, $174,000 for May, and $114,000 for June. Sales are...

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X-Tel budgets sales of $102,000 for April, $174,000 for May, and $114,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June Sales Cash receipts from: Total cash receipts X-TEL Schedule of Cash Receipts from Sales April $ May 102,000 $ 174,000 $ June 114,000 X-Tel budgets sales of $102,000 for April, $174,000 for May, and $114,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June Sales Cash receipts from: Total cash receipts X-TEL Schedule of Cash Receipts from Sales April $ May 102,000 $ 174,000 $ June 114,000

Answer rating: 100% (QA)

Particulars Apirl May June 102000 174000 114000 ... View the full answer