Prepare a monthly schedule of cash receipts for june july, Financial Management

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Prepare a monthly schedule of cash receipts for june july

Aqua Gardens Forecasts sales as follows:

June $100,000

July $150,000

August $75,000

All sales are made on credit; 60% are collected in the month after the sale and 40% is collected in the second month after the sale.

May's sakes were $50,000 and April sales were $40,000

Prepare a monthly schedule of cash receipts for June, July and August. Please do this in a table in either word or excel.

What would the accounts receivable balance be at the end of August?

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Financial Management: Prepare a monthly schedule of cash receipts for june july

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Financial Management: Prepare a monthly schedule of cash receipts for june july

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