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If sales on account are budgeted to be 320000 for june and

LifeTyme Publishers Inc. collects 30% of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are budgeted to be $320,000 for June and $350,000 for July, what are the budgeted cash receipts from sales on account for July?

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Accounting Basics: If sales on account are budgeted to be 320000 for june and

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Accounting Basics: If sales on account are budgeted to be 320000 for june and

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