1))prepare cash receipts budget for the second quarter

2)calculate the accounts receivable balance at the end of second quarter

Bonita/Neff, Ltd, personalizes scrapbooks for customers, using their digital photographs, Each scrapbook sells for $40. Bonita/Neff collects cash at the time of sale from 30% of customers, Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: Prepare Bonita/Neff's cash receipts budget for the second quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.] Boniti: Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each serapbook sells for $40. Bonita/Neff collects cashat the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is is follows: Prepare BonitalNeff's cash receipts budget for the second quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Calculate the accounts receivable balance at the end of second quarter. Accounts Receivable balance at the end of second quarter $