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    Cash receipts from accounts receivable

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    A Company budgeted sales on account for $120,000 for July, $211,000 for August, and $198,000 for September. Collection experience indicates that none of the budgeted sales will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be:

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    https://brainmass.com/business/auditing/cash-receipts-from-accounts-receivable-73466

    Solution Summary

    This provides the steps to calculate the cash receipts from accounts receivable

    $2.19

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