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Create a table in Word and prepare a schedule of cash collections. Only 1 schedule required to complete option 1 or 2 . 1 .

Create a table in Word and prepare a schedule of cash collections. Only 1 schedule required to complete option 1 or 2.
1. ABC Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:
January
February
March
April
Total sales
$60,000
$70,000
$50,000
$30,000
2. Twenty-five percent of the XYZ's company's sales are for cash and 75% are on credit. Collections for sales on credit follow a stable pattern as follows: 50% of a month's sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder is uncollectible. Given this data, cash collections in December should be?
September
October
November
December
Budgeted sales
$100,000
$160,000
$180,000
$120,000
Example of table below.
10 points
Schedule of Expected Cash Collections
Total
sales:
sales:
sales:
sales:
Total Cash Collections
___________
___________
___________
___________
_
____

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