Check my work Mini-Exercise 14-5 (Static) Cash receipts analysis LO 7 ABC Company's budgeted sales for June July, and August are 12,000, 16,000 and 14.000 units, respectively. The selling price for each unit is $20 Based on past experience. ABC expects that 35% of a month's sales will be collected in the month of sale, 53% in the Yollowing month, and 10% in the second month following the sale. Required: Prepare an analysis of cash receipts from sales for ABC Company for August June July August Budgeted sabes units Untece Budgeted sales August collection Current month's Po month's sales Second poor months sales Total collections 5 Bury 13 TE Next >