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and the quater column please St. Laurent Wholesalers has found that 78% of its sales in any given month are credit sales, while the remainder

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St. Laurent Wholesalers has found that 78% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, St. Laurent Wholesalers has experienced the following collection pattern: 24% paid in the month of the sale 48% paid in the month after the sale 17% paid two months after the sale 11% of the sales are never collected * November sales for last year were $76,000, while December sales were $120,500. Projected sales for the next three months are as follows: January sales... $ 157,000 February sales $ 124,000 March sales.. $ 181,000 Requirement Prepare a cash collections budget for the first quarter, wi a column for each month and for the quarter. March $ 39820 (Round your answers to the nearest whole dollar.) St. Laurent Wholesalers Cash Collections Budget For the Months of January through March January February Cash sales 34,540 $ 27,280 Collections on credit sales: 24% Month of sale 29,390 23,213 48% Month after 45,115 58,781 10,078 15,978 17% Two months after 119,123 $ 125,252 Total cash collections 9557 Enter any number in the edit fields and then click Check

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