Concord/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $41. Concord/Neff collects cash at the time of sale from 35% of customers. Of the remaining sales, 68% are collected in the month of sale and 32% are collected in the month following the sale. The sales budget for the first six months of the year is as follows:

Exercise 5-22 Concord/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $41. Concord Neff collects cash at the time of sale from 35% of customers of the remaining sales, 68% are collected in the month of sale and 32% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: May June Budgeted sales Prepare Concord/Neff's cash receipts budget for the second quarter. (Round answers to O decimal places, e.g. $127,600 $115,100 $119,000 $113,500 $118,300 $127,700 .275. Enter answers in necessary fields only Leave other fields blank. Do not enter o.) April JuneTotal Cash Receipts Cash sales March sales April sales May sales June sales Totals Calculate the accounts receivable balance at the end of second quarter Accounts Receivable balance at the end of second quarter