Fill in the missing amounts in the following schedules.
April May June
Sales $26...
Fill in the missing amounts in the following schedules.
April May June
Sales $268,000 $201,000 $303,600
Cash receipts:
From cash sales $134,000 $100,500 $151,800
From sales on account 113,900
Total cash receipts $214,400
Half of each month's sales are on account. March sales amounted to $201,000.
60% of credit sales is collected in the month of sale: 40% is collected in the following month.
Yen is the Japanese national currency
Answers: 3
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