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Bonita Company's budgeted sales and direct materials purchases are as follows:AprilMayJuneBudgeted Sales$ 2 8 9 . 0 0 0 2 9 9 . 0 0
Bonita Company's budgeted sales and direct materials purchases are as follows:AprilMayJuneBudgeted Sales$Budgeted DM Purchases$Bonita's sales are cash and credit. Credit sales are collected in the month of sale, in the month following sale, and in the second month following sale; are uncollectible. Bonita's purchases are cash and on account. Purchases on account are paid in the month following the purchase and in the second month following the purchase.aPrepare a schedule of expected collections from customers for April, May, and June.SalesBonita CompanySchedule of Expected Collections from CustomersAprilMaJutAprilMayJuneTotalCollections
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