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July $2,120,000 August $3,224,000 September $2,908,000 Budgeted sales Cash collection pattern Month of sale 33% 43% Month following month of sale Second month following month
July $2,120,000 August $3,224,000 September $2,908,000 Budgeted sales Cash collection pattern Month of sale 33% 43% Month following month of sale Second month following month of sale Third month following month of sale 19% 5% Budgeted sales for April $2,596,000 Budgeted sales for May $2,854,000 Budgeted sales for June $3,392,000 Complete the following schedule of cash collections for Lombardi's Fine Foods by inserting the correct values into the spaces provid Lombardi's Fine Foods Schedule of Cash Collections For the Quarter Ending September 30, Year 2 July August September $129,800 Collections from April sales Collections from May sales $142,700 Collections from June sales $169,600 Collections from July sales 911,600 Collections from August sales Collections from September sales Total monthly collections $2,830,220 $
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