1. Prepare a schedule of expected cash collections from sales, by month and in total, for the socond quarter. 2. What is the accounts receivable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Silver Company makes a product that is very popular as a Mother's Day git. Thus, peak sales occur in May of eoch yeat, as shown in the company's sales budget for the second quarter given bolow: From past experience, the company has learned that 25% of o month's sales are colected in the month of sale, ancther 60% are collected in the month following sale, and the remaining 15% aro collectod in the second month following sale, Bad debts ace negligible and can be ignored. Fobruary soles totaled $2,40,000, and March soles totaled $270,000. Required: 1. Prepore a schedule of expocted cash collections from seles, by month and in total, for the second quarter 2. What is the occounts receivable bolance on June 30 th? Complete this question by entering your answers in the tabs below. Propare a schedule of expected cash collections from saies, by month and in total, for the second quarter. From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $240,000, and March sales totaled $270,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts recelvable balance on June 30 th? Complete this question by entering your answers in the tabs below. What is the accounts receivable balance on June 30 th