history indicates that credit sales are collected as follows:

$25\%$ in the month of the sale

$60\%$ in the month after the sale

$10\%$ two months after the sale

$5\%$ are never collected

Requirements

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

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

Requirement $1.$ Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Yung Reeds

Sales Budget

For the Four Months Ended January