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Budgeting Cash Judson, Inc., sells on terms of discount for cash and carry or 2/10, 1/30 and estimates its total sales for the second calendar

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Budgeting Cash Judson, Inc., sells on terms of discount for cash and carry or 2/10, 1/30 and estimates its total sales for the second calendar quarter of next year as follows: July, 5225,000; August, 5150,000; and September, $180,000. An analysis of operations indicates the following customer collection patterns Portion of Total Sales In month of Cash at time of sale. 30 On count during discount pend On account after discount period in month following sale On account during discount period 200 On account after discount period 15 In second month follows: On account, discount period portion uncolectible 3 100W Prepare an estimate of the can to be collected from customers during September Estimated Collections from Customers in September 0 0 On account count August Sales Oncontro O account with Septemberales On count On tant without C Tester . 1 Budgeting Cash Judson, Inc., sells on terms of discount for cash and carry or 2/10, 1/30 and estimates its total sales for the second calendar quarter of next year as follows: July, 5225,000; August, 5150,000; and September, $180,000. An analysis of operations indicates the following customer collection patterns Portion of Total Sales In month of Cash at time of sale. 30 On count during discount pend On account after discount period in month following sale On account during discount period 200 On account after discount period 15 In second month follows: On account, discount period portion uncolectible 3 100W Prepare an estimate of the can to be collected from customers during September Estimated Collections from Customers in September 0 0 On account count August Sales Oncontro O account with Septemberales On count On tant without C Tester . 1

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