1 dated sales ant il $300.000 110,000 1.200,00 17.000, 25 From past experience. The company has learned that 20% of a month's sales are collected in the month of another you are collected in the month following sale, and the remaining 10% we collected in the second month following sellados negligible and can be ignored. Fabwysales totaled 230.000 and Marches to $200,000 Required: Prepare a schedule of expected cash collections to wes by month and total for the second quarter 2. What is the accounts receivable balance on June 302 Complete this question by entering your answers in the tato below. Prepare a schedule of expected cash called from a ty month for the Expecte care May April March wa Jane Next > h 8 HOMEWORK 1 1 Budgetedes (all count) April $300,000 My 3500.000 $200,000 Total 11.000,00 -5 ins From past experience, the company has learned that 20% of a month's sales are collected in the month of salt another 2018 collected in the month following sale, and the remaining 10% ore collected in the second month following a Bad debt we negligible and can be ignored. February sales totaled $230,000 and March sales totaled $260,000 Required: 1. Prepare a schedule of expected cash collections from sales by mouth and in total for the second quarte 2. What is the accounts recevable balance on June 30th? BOOK Hint Pant Reference Complete this question by entering your answers in the tabs below. Required: Required 2 What is the accounts receivable balance on June 302 Lo counts on 30 Required