Schedule of Cash Collections on Accounts Receivable and Cash Budget Bennett Inc.

Question

Schedule of Cash Collections on Accounts Receivable and Cash Budget Bennett Inc. ound that about 35% o its sales during the month were for cash. Bennett has the following accounts receivable payment experience Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale Bennett's anticipated sales for the next few months are as follows: 25 68 April May une $250,000 290,000 280,000 295,000 300,000 August Required 1. Calculate credit sales for May Calculate credit sales for June. vext Check My Work 3 more Check My Work uses remaining 347 PM

Explanation / Answer

Answer:- 1)-

Explanation:-

2)-

Explanation:-

Statement of Credit Sales Particulars May June July August $ $ $ $ Credit sales 188500 182000 191750 195000

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