Business, 06.04.2020 16:28 xarianna2007

Preparing a Schedule of Cash Collections on Accounts Receivable Weiland and Company is a medical billing services firm. All sales of billing services are billed to the client (there are no cash sales). Weiland expects that, on average, 15% will be paid in the month of billing, 40% will be paid in the month following billing, and 42% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected:

May $184,000
June 192,000
July 207,000
August 175,000
September 164,000

Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September.

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Preparing a Schedule of Cash Collections on Accounts Receivable Weiland and Company is a medical bil...

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