accounting exercise

Comprehensive Budget . Budgeted sales of the company's only product for the next four quarters are: Q2 50,000 units 60,000 units 65,000 units 55,000 units . The selling price is $20 per unit. You determine the break down of monthly sales. . Sales Budget By Month Budget Sales (units) Budget Sales (5) Schedule of Expected Cash Collections Additional data: All sales are on account. The company collects 75% of these credit sales in the month of the sale; 20% are collected in the month following the sale; and the remaining 5% are uncollectible. The accounts receivable balance on December 31, 2020 was $100,000. All of this balance was collectible. . By Month