What are the correct answers for the empty boxes 15 boxes 16. Callarman Company

Question

What are the correct answers for the empty boxes
15 boxes

16. Callarman Company projects the tollowing sales ? Click on the icon to view the projected sales.) Callarman collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,100, which represents December's sales on account. Callarman projects the following cash receipts from customers EB (Click on the icon to view the cash receipts from customers) Recalculate cash receipts trom customers it total sales remain the same but cash sales are only 40% or he total

Explanation / Answer

Sales budget :

Cash receipt for each month :

January February march Cash sales 12000 10000 12400 Sales on account 18000 15000 18600 Total sales 30000 25000 31000

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