At March 31 Streuling Enterprises, a merchandising firm, had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months: April 60,000 May 75,000 June 90,000 July 81,000 One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month.

Required: Prepare a schedule of expected cash collections for each of the months April, May, and June.

At March 31 Streuling Enterprises, a merchandising firm, had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months: One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: Prepare a schedule of expected cash collections for each of the months April, May, and June. At March 31 Streuling Enterprises, a merchandising firm, had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months: One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: Prepare a schedule of expected cash collections for each of the months April, May, and June