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Meredith Company has budgeted sales for the upcoming months as follows: April $ 450,000 May $ 468,000 June $ 493,000 July $ 517,000 August $

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

April $ 450,000

May $ 468,000

June $ 493,000

July $ 517,000

August $ 509,000

September $ 477,000

30% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 45% in the month of sale, 40% in the month following the sale, and 6% in the second month following the sale.

Compute Cash receipts for June, July, and August

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