1 Sales budget 20x0 20x1 December January February March First Quarter 500,000550,000 605,000 665,500 S 1,820,500 Total sales Cash sales Sales on account 199,650 465,850 181,500 150,000 350,000 165,000 546,150 385,000 423,500 1,274,350 2 Cash receipts budget 20x1 March First Quarter 165,000 181,500 199,650 S 546,150 127,435 50 $ 518,500 S 570,350 S 627,385 S 1,716,235 January February Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month 315,000 Total cash receipts 38,500 42,350 46,585 346,500 381,1501,042,6 1 Sales budget 20x0 20x1 December January February March First Quarter 500,000550,000 605,000 665,500 S 1,820,500 Total sales Cash sales Sales on account 199,650 465,850 181,500 150,000 350,000 165,000 546,150 385,000 423,500 1,274,350 2 Cash receipts budget 20x1 March First Quarter 165,000 181,500 199,650 S 546,150 127,435 50 $ 518,500 S 570,350 S 627,385 S 1,716,235 January February Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month 315,000 Total cash receipts 38,500 42,350 46,585 346,500 381,1501,042,6

Question

1  Sales budget  20x0 20x1 December January February March First Quarter 500,000550,000 605,000 665,500 S 1,820,500 Total sales Cash sales Sales on account 199,650 465,850 181,500 150,000 350,000 165,000 546,150 385,000 423,500 1,274,350 2  Cash receipts budget  20x1 March First Quarter 165,000 181,500 199,650 S 546,150 127,435 50 $ 518,500 S 570,350 S 627,385 S 1,716,235 January February Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month 315,000 Total cash receipts 38,500 42,350 46,585 346,500 381,1501,042,6 1  Sales budget  20x0 20x1 December January February March First Quarter 500,000550,000 605,000 665,500 S 1,820,500 Total sales Cash sales Sales on account 199,650 465,850 181,500 150,000 350,000 165,000 546,150 385,000 423,500 1,274,350 2  Cash receipts budget  20x1 March First Quarter 165,000 181,500 199,650 S 546,150 127,435 50 $ 518,500 S 570,350 S 627,385 S 1,716,235 January February Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month 315,000 Total cash receipts 38,500 42,350 46,585 346,500 381,1501,042,6

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1. Sales budget: 20x0 20x1 December January February March First Quarter 500,000550,000 605,000 665,500 S 1,820,500 Total sales Cash sales Sales on account 199,650 465,850

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