E$3$ Q$30$credit. The company's collection history indicates that credit sales are collected as follows:

View the credit sales collection history.

Requirements

Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Prebare a cash collection budaet for December and Januarv. Round all answers up to the nearest dollar.

Yung Reeds

Sales Budget

For the Four Months Ended January

Requirement $2.$ Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.

Yung Reeds

Budgeted Cash Collections from Customers

For the Months of December and January

For the Months of December and January

Collection of credit sales:

Credit sales collection history

$20\%$ in the month of the sale

$65\%$ in the month after the sale

$14\%$ two months after the sale

$1\%$ are never collected