Greenleaf Company's actual sales for April through June,and budgeted sales for July through September of the current year are as follows:
All sales are on credit.Management estimates that 10% will be collected in the month of sale,55% will be collected in the month following the sale,and the balance will be collected the second month following the sale.Prepare a cash receipts schedule for Greenleaf Company for the period July through September.

Question

Greenleaf Company's actual sales for April through June,and budgeted sales for July through September of the current year are as follows:
  All sales are on credit.Management estimates that 10% will be collected in the month of sale,55% will be collected in the month following the sale,and the balance will be collected the second month following the sale.Prepare a cash receipts schedule for Greenleaf Company for the period July through September.

Quizplus · Accepted Answer

The Answer of Greenleaf Company's actual sales for April through June,and budgeted sales for July through September of the current year are as follows:
  All sales are on credit.Management estimates that 10% will be collected in the month of sale,55% will be collected in the month following the sale,and the balance will be collected the second month following the sale.Prepare a cash receipts schedule for Greenleaf Company for the period July through September.

Greenleaf Company's Actual Sales for April Through June,and Budgeted Sales