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3 years ago

Preparing a Schedule of Cash Collections on Accounts Receivable

Business

1 answer:

marysya [2.9K]3 years ago

7 0

Answer:

Kailua and Company

Schedule of Cash Collections

August September

Cash collections from June $25,200 $0

Cash collections from July $38,500 $19,250

Cash collections from August $17,220 $43,050

<u>Cash collections from September $0 $17,800 </u>

Total cash collections $80,920 $80,100

I suppose that 5% of the billings are uncollectible since 20% + 50% + 25% = 95%.

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