Akihiko, a wholesaler in auto spare parts, was preparing his sales budget for the third quarter of

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Akihiko, a wholesaler in auto spare parts, was preparing his sales budget for the third quarter of 2020. Forecast sales are as follows (all values are in thousands of yen): 


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Sales are 30% cash and 70% on credit. Sixty percent of the credit accounts are collected in the month of sale, 30% in the month following the sale, and 10% in the following month. No uncollectible accounts are anticipated. Accounts receivable at the beginning of July 2020 are ¥150,800 (10% of May credit sales of ¥300,000 and 40% of June credit sales of ¥302,000). 


Prepare a schedule showing sales and cash collections for July, August, and September 2020.

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Introduction To Management Accounting

ISBN: 9781292412566

17th Edition, Global Edition

Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler

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