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Business, 31.03.2021 03:00 smiley29162

Ellis Sport Shop projects the following sales: April: $75,000
May: $95,000
June: $100,000
90% of Ellis' sales are on credit with 60% of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $60,000 and March sales were $70,000. In the past Ellis' bad debt percentage has been 0 and is expected to continue.
A) Prepare a monthly schedule of cash receipts for April?June.
B) What is the balance of Receivables at the end of June?

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Ellis Sport Shop projects the following sales: April: $75,000
May: $95,000
June: $100,0...
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