# acc_202_week_2_problem_12_16_12_17..

May 17th, 2015
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acc_202_week_2_problem_12_16_12_17..

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Problem 14-16a.Sales BudgetJanuaryFebruaryMarchTotal Sales on account\$200,000\$220,000\$242,000\$662,000b.Sales revenue for the quarter is equal to the sum of the monthly amounts (\$200,000 + \$220,000 + \$242,000 = \$662,000).c.Schedule of Cash ReceiptsJanuaryFebruaryMarchReceipts from January sales\$140,000 Receipts from January sales\$ 40,000 Receipts from January sales\$ 20,000 Receipts from February sales154,000 Receipts from February sales44,000 Receipts from March sales169,400 Total\$140,000 \$194,000 \$233,400 d.Schedule of Cash ReceiptsJanuaryFebruaryMarchAprilMayReceipts from January sales\$140,000 Receipts from January sales\$ 40,000 Receipts from January sales\$ 20,000 Receipts from February sales154,000 Receipts from February sales44,000 Receipts from February sales\$22,000 Receipts from March sales169,400 Receipts from March sales48,400 Receipts from March sales\$24,200Total\$140,000 \$194,000 \$233,400 \$70,400 \$24,200 The accounts receivable as of March 31, 2012 is equal to the amount due to be collected in April and

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