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8-1B - Sales Budget and Schedule of Expected Cash Collections Green Company shows the following estimates for unit sales for next year: The company expects
8-1B - Sales Budget and Schedule of Expected Cash Collections Green Company shows the following estimates for unit sales for next year: The company expects to sell its goods for $12 per unit. Required: a.) Prepare a sales budget for the year ended December 31 . Additional information The company expects to collect 90% of sales in the quarter of the sale, and 8% in the quarter following the sale. 2% of sales are expected to be uncollectible. The company's beginning accounts receivable was $900, all of which was expected to be collected in the first quarter. Required: b.) Prepare a schedule of expected cash collections for the year ended December 31
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