SCHEDULE FOR COLLECTIONS FROM SALES | ||||||
MAY | JUNE | JULY | ||||
May Sales on account | ||||||
Collected In May | 204000 | |||||
Collected IN june | 98600 | |||||
Collected IN july | 37400 | |||||
June sales on account | ||||||
Collected in June | 300000 | |||||
Collected in July | 145000 | |||||
July sales on account | ||||||
Collected in July | 384000 | |||||
Total Cash collected | 204000 | 398600 | 566400 | |||
SCHEDULE FOR CASH PAYMENTS OF SELLING AND ADMIN EXPENSE | ||||||
MARCH | APRIL | MAY | ||||
March expense | ||||||
Paid in march | 80446 | |||||
paid in April | 58254 | |||||
April expense | ||||||
Paid in april | 72268 | |||||
Paid in may | 52,332 | |||||
may expense | ||||||
Paid in may | 63858 | |||||
Total Cash payments | 80446 | 130522 | 116190 | |||
And reassignment-take&inprogress-false Show Me How Schedule of Cash Collections of Accounts Receivable a pet wholesale supplier,...
Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $150,000 June 170,000 July 250,000 All sales are on account. 53 percent of sales are expected to be collected in the month of the sale, 36% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule...
Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $320,000 June 460,000 July 630,000 All sales are on account. 57 percent of sales are expected to be collected in the month of the sale, 32% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule...
Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $280,000 June 310,000 July 450,000 All sales are on account. 57 percent of sales are expected to be collected in the month of the sale, 31% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule...
Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $330,000 June 390,000 July 520,000 All sales are on account. Of sales on account, 51% are expected to be collected in the month of the sale, 45% in the month following the sale, and the remainder in the second month following the sale. Prepare a...
Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May June $310,000 420,000 560,000 July All sales are on account. Of sales on account, 51% are expected to be collected in the month of the sale, 45% in the month following the sale, and the remainder in the second month following the sale. Prepare a...
Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $320,000 June 460,000 July 620,000 All sales are on account. Of sales on account, 55% are expected to be collected in the month of the sale, 40% in the month following the sale, and the remainder in the second month following the sale. Prepare a...
Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $200,000 June 250,000 July 330,000 All sales are on account. Of sales on account, 60% are expected to be collected in the month of the sale, 35% in the month following the sale, and the remainder in the second month following the sale. Prepare a...
Schedule of Cash Collections of Accounts Receivable Pet Place Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $240,000 June 360,000 July 540,000 All sales are on account. Of sales on account, 57 % are expected to be collected in the month of the sale, 38 % in the month following the sale, and the remainder in the second month following the sale....
Schedule of Cash Collections of Accounts Receivable Pet Stop Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $280,000 June 360,000 July 510,000 All sales are on account. Of sales on account, 60% are expected to be collected in the month of the sale, 35% in the first month following the sale, and the remainder in the second month following the sale. Prepare a...
Schedule of Cash Collections of Accounts Receivable Pet Stop Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $230,000 June 320,000 July 420,000 All sales are on account. Of sales on account, 58% are expected to be collected in the month of the sale, 37% in the first month following the sale, and the remainder in the second month following the sale. Prepare a...