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Ivan
3 years ago
5

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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