X-Tel budgets sales of $72,000 for April, $150,000 for May, and $96,000 for June. In addition,...
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X-Tel budgets sales of $72,000 for April, $150,000 for May, and $96,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $1,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and June April May June Cash receipts from: Total budgeted cash receipts 2$ X-Tel budgets sales of $72,000 for April, $150,000 for May, and $96,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $1,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and June April May June Cash receipts from: Total budgeted cash receipts 2$
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Schedule of budgeted cash receipts for AprilMay June TEL Cash Receipts Budget Fo... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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