Answer:
$50400
Step-by-step explanation:
May:
Sales = 42000
From cash = 42000*60% = 25200
From credit = 42000 - 25200 = 16800 (Jun cash in)
June:
Sales = 56000
From cash = 56000*60% = 33600
June cash receipts = 33600 + 16800 = 50400
1.6m questions
2.0m answers