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Alex Company has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales units 55,000

Alex Company has projected sales and production in units for the second quarter of the coming year as follows:

April

May

June

Sales units

55,000

45,000

65,000

Production units

65,000

55,000

55,000

All units are sold on account for $16 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $540,000 ($200,000 from February's sales and the remainder from March). Required: Prepare a schedule for each month showing budgeted cash receipts for Alex Company.

Cash receipts:

April

May

June

Total receitps

$ (A)

$ (B)

$ (C)

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