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Besse SARL. had the following budgeted sales for the given months The company is in the process of preparing a cash budget and must determine
Besse SARL. had the following budgeted sales for the given months The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembied: The Accounts Receivable balance on July 1 was $96,000. Of this amount 52,000 represented uncollected June shes and 524,000 represented uncollected May sales Collections on Credit sales: - 50% in month of sale - 257 in month following sale - 25\%h in second month following sale Part 1: Given these data, the total cash collected during July would be:s Part 2 What is the budgeted Accounts Receivable on Novernber 17
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