13. Maddock Company has the following sales for the first quarter of 2019 EE (cl

Question

13. Maddock Company has the following sales for the first quarter of 2019 EE (click on the icon to view the sales for the first quarter of 2019 ) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,900, the anount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2019 January February March 9700 10950 Recepts from cash sales Receipts from sales on account Total cash receipts from customers 9700 1290 22600 Data Table January February March Cash sales 9,700 S 9,700 S10,950 14,500 14,000 11,200 Sales on account S 24200S 23,700 22150 Total sales Print Done Choose fr om any list or enter any number in the input fields and then continue to the next question ??File Explorer ® © e (c, wl word 2016 Firefox e w Word 2016 Spotiy 0 Type here to search DOLL

Explanation / Answer

Calculate cash receipts :

January February March Receipt from cash sales 9700 9700 10950 Receipt from sales on account 12900 14500 14000 Total cash receipts 22600 24200 24950

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