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15 pls Question 1 M orts actual sales of $55,000 in December and budgeted sales of $65.000, $78,000 and $91,000 for a F un and
15 pls Question 1 M orts actual sales of $55,000 in December and budgeted sales of $65.000, $78,000 and $91,000 for a F un and March, respectively. The company expects that 60% of sales are collected in the month of sale and the 40% of sales (accounts receivable) in the month following the sale. Based on this information, complete the blowing cash receipts and accounts receivable information January February 65,000 March 78,000 April 91,000 55,000 Total Sales Cash Receipts 54,600 B I T Cash Collections AR Collections A 22,000 Total Cash Receipts DE 72,800 DF Balance Sheet Accounts Receivable BTUA,AT E = = = = = =
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