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Unformatted text preview: Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. PETJOY WHOLESALE INC. Schedule of Col ections from Sales For the Three Months Ending July 31, 2010 May June July Receipts from cash sales: Total cash receipts $36,000 $45,000 $60,000 May sales on account: Col ected in May 162,000 Col ected in June 113,400 Col ected in July 48,600 June sales on account: Col ected in June 202,500 Col ected in July 141,750 July sales on account: Col ected in July 270,000 Cash balance at end of month $198,000 $360,900 $520,350 Instructions...
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- Winter '08