CE9-2 Moorcroft Company's budgeted sales and direct April Budgeted $300,000 May 320,000 June 370,000 Moorcroft's sales are 40% cash and 60% credit. sale, 50% in the month following sale, and 269% uncollectible. Moorcroft's purchases are 5096 ce account are paid 40% in the month following the following the purchase. Instructions (a) Prepare a schedule of expected collectic (b) Prepare a schedule of expected payment (c) Moorcroft's assistant controller suggeste encourage customers to pay more prom accounts. Sales are still 409% cash and that this would cause credit sales to be c the month following sale, and 18% in the uncollectible. (1) Prepare a schedule of ext