Exercise 8-28

Insert your answers in the gray-shaded cells of columns D, F, and H. If an answer is

incorrect, the word “wrong” will appear.

a.

January

February

March

Nov. sales

          –  

           –  

Dec. sales

  22,800

          –  

           –  

Dec. sales

          –  

#######

           –  

Jan. sales

  31,284

          –  

           –  

Jan. sales

          –  

  23,700

           –  

Jan. sales

          –  

          –  

$ 23,700

Feb. sales

          –  

  34,848

           –  

Feb. sales

          –  

          –  

    26,400

Mar. sales

          –  

          –  

    23,364

Total collections

b.

Feb. sales to be collected in April

$ 26,400

Mar. sales to be collected in April

    17,700

Mar. sales to be collected in May

    17,700

Total A/R balance at March 31

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