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Bramble/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $45. Bramble/Neft collects cash at the time of sale from 30%

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Bramble/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $45. Bramble/Neft collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: January February March June April $103,000 May $106.000 Budgeted sales $111.000 $101.000 $101.000 $116,000 Prepare Bramble/Neff's cash receipts budget for the second quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) April May June Total Cash Ret Cash sales $ 103.000 5 106.000 116000 March sales April sales May sales June sales Totals Calculate the accounts receivable balance at the end of second quarter, 5 Accounts Receivable balance at the end of second quarter

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