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Budgeted revenue , $ 6 2 4 , 0 0 0 , $ 7 0 2 , 0 0 0 , $ 9 1 0

Budgeted revenue ,$624,000,$702,000,$910,000,$2,236,000
The company makes all sales on credit. Nancy recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have a net accounts receivable balance of $98,200 on January 1, and this amount represents the remaining receivables from December's sales.
Prepare Waterway & Daniel's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0..)
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