Meredith Company has budgeted sales for the upcoming months as follows:

April	$	458,000
May	$	466,000
June	$	492,000
July	$	520,000
August	$	504,000
September	$	477,000

30% of the sales are credit sales, the remainder are cash sales. Credit sales are collected 45% in the month of sale, 35% in the month following the sale, and 6% in the second month following the sale.

a.

Compute Meredith Companys cash receipts for June. (Do not round intermediate calculations.)

Cash Receipts

b.

Compute Meredith Companys cash receipts for July. (Do not round intermediate calculations.)

Cash Receipts

c.

Compute Meredith Companys cash receipts for August. (Do not round intermediate calculatio

Cash Receipts