2.

Shown below are the budgeted sales for ABC Company for the next six months: January February March April May Sales for Cash $27,000 $22,000 $33,000 $19,000 $38,000 $24,000 Sales on Account $175,000 $214,000 $162,000 $184,000 $222,000 $171,000 June On average, 11% of the sales on account are collected in the month of sale, 42% are collected in the month following sale, 39% are collected in the second month following sale, and the remaining 8% is collected three months after the month of sale. Calculate the expected cash collections for April. 171,740 Calculate ABC Company's budgeted accounts receivable at June 30