Bowden Company has furnished the following information: Forecast sales for 1st month Forecast sales for 2nd month Cash sales = 10% of total sales - Collection schedule of the sales on credit: In month sold In next month Required: $200,000 250,000 USD/EUR +0.78% 75% 25% Prepare an expected cash collections schedule for the first and second months. (15 marks)

Bowden Company has furnished the following information: Required: Prepare an expected cash collections schedule for the first and second months. (15 marks)