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Harris Company wanted to prepare a monthly sales budget for the second calendar quarter of 2018. Average sales revenue per unit throughout the quarter would

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Harris Company wanted to prepare a monthly sales budget for the second calendar quarter of 2018. Average sales revenue per unit throughout the quarter would be $30 per unit. Accounts Receivable on March 31 would be $9000. Expected sales in units for each month are as follows: April 1400 units; May 1100 units; June 1500 units. All sales are on credit and (somewhat unrealistically) all sales will be collected75% in month of sale and 25% in month after sale. [a] Complete the sales budget (use good format - see book) with schedule of cash collections below. Show all calculations. Harris Sales Budget, Second Calendar Quarter, 2018 April May June Sales in Units X Average Price $30/u $30/u $30/u Sales Revenue Harris Cash Collections Schedule (use good format - see book), Second Calendar Quarter, 2018. Show all calculations. Collected from April May June Accounts Receivable April Sales May Sales June Sales Total Collections for Month [b] What will be the balance in Accounts Receivable at the end of June 30, 2018

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