4 Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: 28.39 es April $ 400,000 Required 1 Budgeted sales (all on account) From past experience, the company has learned that 30% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $330,000, and March sales totaled $360,000. Complete this question by entering your answers in the tabs below. May $ 600,000 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? Required 2 February sales March sales April sales May sales June sales Total cash collections

Sever Company mskes a product that is very popular as a Mother's Day gin. Thus, peak soles occut in Moy of each year, as shown in the company/s sales budget for the second quarter given below: From past experience, the company has learned that 30% of a month's soles are collected in the month of sale, another bus are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negifigible and can be ignored. February sales totaled $330,000, and March soles totaled $360,000. Required: Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. Simer Cornpany mahes a product that is very popilar as a Mother's Doy git. Thus, peak sales occur in May of each year, as shown the companys sales budget for the second quarter given below: From past experience, the compony has fearned that 30x of a month's sales are collected in the month of sale, another 60x are collected in the month following sale, and the remaining 102 are collected in the second month following sale. Bad debts ate negligible and can be ignored. February sales fotaled $330.000, and Morch sales totaled $360,000 Required: Required: 1. Prepare a schedule of expected cash collections from soles, by month and in total, for the second quarter 2. What is the accounts recelvable balance on June 30 th? Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter