Budgeting Cash Whitney's, Inc., sells on terms of 5% discount for "cash and carry" or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: April, $150,000 May, $120,000 and june, $180,000. An analysis of operations indicates the following customer collection patterns: Portion of Total Sales In month of sale: Cash at time of sale On account, during discount period On account, after discount period 2596 15% 10% In month following sale: 20% On account, during discount period On account, after discount period 1096 In second month following sale: 15% On account, after discount period 596 Average portion uncollectible 1009% Prepare an estimate of the cash to be collected from customers during June. Estimated Collections from Customers in June April Sales On account, no discount 22.500 V May Sales On account, no discount 24,000 On account, with discount 12.000 June sales On account, no discount 27,000 X On account, with discount 9,000 x Cash 45,000 Total estimated june collections