collected in the month following sale, and the remaining $15\%$ are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $$360,000,$ and March sales totaled $$390,000.$

Required:

$1.$ Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

$2.$ What is the accounts receivable balance on June $30$th$?$