Homework Answers
| Ans.13 | January | February | March | ||
| Cash collections from cash sales | 5000 | 5500 | 5250 | ||
| Cash collections from credit sales | 12500 | 15000 | 14000 | ||
| Total cash receipts from customers | 17500 | 20500 | 19250 | ||
| *The credit sales would be collected after one month of sales, so December credit sales will receive in January, | |||||
| January credit sales will receive in February and February credit sales will receive in March. | |||||
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13. Meeks Company has the following sales for the first quarter of 2019: EEB (Click on...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,800, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. February January March O Data Table Purchases on account January February March Receipts...
16. Crowley Company projects the following sales: E (Click on the icon to view the projected...
16. Crowley Company projects the following sales: E (Click on the icon to view the projected sales.) Crowley collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,500, which represents December's sales on account. Crowley projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 20% of...
Martin Company projects the following sales for the first three months of the year: $14,300 in...
Martin Company projects the following sales for the first three months of the year: $14,300 in January: $11,300 in February; and $15,800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
ang Company has provided the following budget information for the first quarter of 2018: Click the...
ang Company has provided the following budget information for the first quarter of 2018: Click the icon to view the budget information.) Additional data related to the first quarter of 2018 for Vang Company (Click the icon to view the data.) Read Х More Info Requirement 1. Prepare Vang Company's schedule of cash receipts from customers and schedule of cash payments for th Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash...
Mason Company projects the following sales for the first three months of the year: $ 11,500...
Mason Company projects the following sales for the first three months of the year: $ 11,500 in January; $ 11,600 in February; and $ 15,800 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirementsLOADING.... Requirement...
Jayson Company projects the following sales for the first three months of the year: 512,600 in...
Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
Part 2: Avery Company projects the following sales for the first three months of the year:...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
Mason Company projects the following sales for the first three months of the year The numbers...
Mason Company projects the following sales for the first three
months of the year
The numbers that are entered in the white boxes are the
ones i typed
Mason Company projects the following sales for the first three months of the year: $11,200 in January; $11,600 in February, and $12,900 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and...
A) Need help with this chart B) Find March credit sales, collection of March sales in...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
13. Mackel Company has the following sales for the first quarter of 2019: E (Click on the icon to view the sales for the first quarter of 2019.) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,800, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019. February January March O Data Table Purchases on account January February March Receipts...
16. Crowley Company projects the following sales: E (Click on the icon to view the projected sales.) Crowley collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,500, which represents December's sales on account. Crowley projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 20% of...
Martin Company projects the following sales for the first three months of the year: $14,300 in January: $11,300 in February; and $15,800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
ang Company has provided the following budget information for the first quarter of 2018: Click the icon to view the budget information.) Additional data related to the first quarter of 2018 for Vang Company (Click the icon to view the data.) Read Х More Info Requirement 1. Prepare Vang Company's schedule of cash receipts from customers and schedule of cash payments for th Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash...
Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
Mason Company projects the following sales for the first three
months of the year
The numbers that are entered in the white boxes are the
ones i typed
Mason Company projects the following sales for the first three months of the year: $11,200 in January; $11,600 in February, and $12,900 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
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