Totalcashreceipts
September70000
OctoberNovember6000055000
18000
16500
42000
36000
6000052500
December8000024000
33000
57000
S125
Copyright2005byTheMcGrawHillCompa
iesI
c
f414
Victoria’sApparelhasforecastcreditsalesforthefourthquarteroftheyearas
SeptemberactualFourthQuarter
OctoberNovemberDecember
50000
400003500060000
Experie
cehasshow
that20perce
tofsalesarecollectedi
themo
thofsale70perce
ti
thefollowi
gmo
tha
d10perce
tare
evercollected
PrepareascheduleofcashreceiptsforVictoria’sApparelcoveri
gthefourthquarterOctoberthroughDecember
Solutio

Victoria’sApparel
Creditsales20Collectedi
mo
thofsales70Collectedi
mo
thaftersalesTotalcashreceipts
September50000
OctoberNovember4000035000
8000
7000
35000
28000
4300035000
December6000012000
24500
36500
Copyright2005byTheMcGrawHillCompa
iesI
c
S126
f415
PirateVideoCompa
yhasmadethefollowi
gsalesprojectio
sforthe
extsixmo
thsAllsalesarecreditsales
March24000April30000May18000
Ju
e28000July35000August38000
Salesi
Ja
uarya
dFebruarywere27000a
d26000respectively
Experie
cehasshow
thatoftotalsales10perce
tareu
collectible30perce
tarecollectedi
themo
thofsale40perce
tarecollectedi
thefollowi
gmo
tha
d20perce
tarecollectedtwomo
thsaftersale
Prepareamo
thlycashreceiptsscheduleforthefirmforMarchthroughAugust
Ofthesalesexpectedtobemadeduri
gthesixmo
thsfromMarchthroughAugusthowmuchwillstillbeu
collectedatthee
dofAugustHowmuchofthisisexpectedtobecollectedlater
S127
Copyright2005byTheMcGrawHillCompa
iesI
c
f415Co
ti
ued
Solutio

WattsLighti
gStores
CashReceiptsSchedule
Ja
uaryFebruaryMarchApril
May
Ju
e
July
August
Sales
27000
26000240003000018000280003500038000
Collectio
s
30of
curre
tsales
7200
9000
5400
84001050011400
Collectio
s
40of
priormo
ths
sales
10400
960012000
72001120014000
S128
Collectio
s
20of
sales2
mo
ths
earlier
5400
5200
4800
600036005600
Totalcash
receipts
230002380022200216002530031000
Stilldueu
collectedi
August
Baddebts2400030000180002800035000380001173000117300TobecollectedfromAugustsales380006022800TobecollectedfromJulysales35000207000
1730022800700047100due
Expectedtobecollectedr