Waterking sells crystal vases. Budgeted sales are ($ 40,000) for March and ($ 50,000) for April. Sales

Question:

Waterking sells crystal vases. Budgeted sales are $\$ 40,000$ for March and $\$ 50,000$ for April. Sales are planned to be $80 \%$ cash and $20 \%$ on credit. The balance of Accounts Receivable on February 28 is $\$ 9,000$. Credit sales are collected in the following month. Prepare a sales budget and the budgeted cash collections for March and April.

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