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QUESTION

Calculate the following: (a) Determine the cash receipts for June based on the following data:

Calculate the following:

(a)Determine the cash receipts for June based on the following data:      Cash payments during May$40,120  Cash account balance, May 13,860  Cash account balance, May 308,460 $ (b)Determine the cash received from customers on account during June based on the following data:     Accounts receivable account balance, May 1$13,760  Accounts receivable account balance, May 307,530  Fees billed to customers during May29,590 $ 

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