The accounts receivable balance at the end of the previous quarter was $94,000 (

Question

The accounts receivable balance at the end of the previous quarter was $94,000 ($69,000 of which was uncollected December sales).

Compute the sales for November. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Compute the sales for December. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Compute the cash collections from sales for each month from January through March. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

Explanation / Answer

The accounts receivable balance at the end of the previous quarter was $94,000

Uncollected December sales = 69000

Therefore, Uncollected November sales = 94000

The accounts receivable balance at the end of the previous quarter was $94,000

Uncollected December sales = 69000

Therefore, Uncollected November sales = 94000

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