Acct 140 Acme Industries Cash Recipts Budget Dec 2006 Nov 2006 215,000 2006 Sales 225,000 Jan 2007 112,500 Feb 2007 337,500 Mar 2007 450,000 Apr 2007 225,000 2007 Sales 10% Cash Sales 90% Credit Sales 75% in Next Month after sale 24% in 2nd Month after sale 2007 Cash Collections Budget Jan 2007 Apr 2017 Mar 2007 Feb 2007 Current Cash Sales 1 Month Prior 2 Months Prior Total Cash Receipts