13. Mackel Company has the following sales for the first quarter of 2017. EEE (C

Question

13. Mackel Company has the following sales for the first quarter of 2017. EEE (Click on the icon to view the sales for the first quarter of 2017) Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12,600, the amount of December's sales on account Calculate the cash receipts from customers for the first three months of 2017. JanaryFebruaryMarch Total cash receipts from customers Data Table January February March Cash salesS0,250 S 6,600 S 6.200 Sales on account Total sales 11,500 17,500 17,000 Print Done

Explanation / Answer

January February March Receipt from Cash Sales $10,250 $6,600 $6,200 Receipt from Sales on Account $12,600 $11,500 $17,500 Total Cash Receipt from Customers $22,850 $18,100 $23,700

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