102. Memphis Company anticipates total sales for April, May, and June of $910,000, $1,010,000, and $1,060,000 respectively. Cash sales are normally 20% of total sales. Of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are collected in the second month. Compute the amount of accounts receivable reported on the companys budgeted balance sheet for June 30.

102B. Frankie's Chocolate Co. reports the following information from its sales budget:

Expected Sales:	July	$	86,000
	August		106,000
	September		116,000

Cash sales are normally 20% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: