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Meredith Company has budgeted sales for the upcoming months as follows: April $ 453,000 May $ 468,000 June $ 491,000 July $ 516,000 August $

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

April $ 453,000
May $ 468,000
June $ 491,000
July $ 516,000
August $ 506,000
September $ 480,000

30% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 50% in the month of sale, 40% 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 calculations.)

Cash Receipts(. )

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