Gonzales, Inc. has the following data:
Accounts receivable, May.31.................$40,000
Forecasted sales in units
May sales.............................................450
June sales.............................................400
July sales.............................................500
August sales..........................................560
Each unit will sell for $20 during May, and then increase 10% per month thereafter. Sales consist of 70% cash and 30% credit. All credit accounts are collected in the month following the sales. Uncollectible accounts are 4% of sales. Prepare a sales budget schedule for June, July, and August.