Business, 06.12.2019 05:31 alyonaprotopopova
Kailua and company is a legal services firm. all sales of legal services are billed to the client (there are no cash sales). kailua expects that, on average, 20% will be paid in the month of billing, 50% will be paid in the month following billing, and 25% will be paid in the second month following billing. for the next 5 months, the following sales billings are expected may $84000
june 100800
july 77000
august 86100
september 89000
required:
prepare a schedule showing the cash expected in payments on accounts receivable in august and in september.
Answers: 2
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Kailua and company is a legal services firm. all sales of legal services are billed to the client (t...
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