Problem
Good afternoon, I would like to know if you could help me do this accounting exercise.
Mr. Company produces vacuum machines, sales for the first half of the year are shown below:
January $150,000
February 105,000
March 90,000
April 121,000
May 105,000
June 120,000
The sales policy is 10% cash, 30% the following month and 60% two months after the sale. Prepare the sales records and customer receipts.