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Northern Company has budgeted sales for the upcoming months as follows: April 450,000 May 465,000 June 490,000 July 515,000 August 500,000 Septemeber 475,000 15% percent

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

April 450,000

May 465,000

June 490,000

July 515,000

August 500,000

Septemeber 475,000 15% percent of the sales are credit sales and the remainder are cash sales. Credit sales are collected 51% in the month of sale, 39% in the month following the sale, and 9% in the second month following the sale.

Required: Prepare a schedule of cash collections for June, July, & August

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