onnect EXERCISE - 1 Schedule of Expected Cash Collections - Silver Company make a product that is very populares Mother's Day gift. Thuspakes occur in May of each year, as shown in the company's sales budget for the second quarter given below April May June Total Budgeted sales all on account $300,000 $500,000 $200.000 $1.000.000 From past experience the company has learned that of a man's males are collected in the month of sale, anther 2015 are collected in the month following and the remaining 10 are collected in the second mething sale. Had debts are negligible can be ignored February ales totaled 270,000, and Marchales totaled 20.00 Mequired 1. Using Schedule as your guide, prepare a schedule of expected cash collectices from sales by month and in total for the seadquarter 2 What is the accounts receivable balance on June 30 onnect EXERCISE - 1 Schedule of Expected Cash Collections - Silver Company make a product that is very populares Mother's Day gift. Thuspakes occur in May of each year, as shown in the company's sales budget for the second quarter given below April May June Total Budgeted sales all on account $300,000 $500,000 $200.000 $1.000.000 From past experience the company has learned that of a man's males are collected in the month of sale, anther 2015 are collected in the month following and the remaining 10 are collected in the second mething sale. Had debts are negligible can be ignored February ales totaled 270,000, and Marchales totaled 20.00 Mequired 1. Using Schedule as your guide, prepare a schedule of expected cash collectices from sales by month and in total for the seadquarter 2 What is the accounts receivable balance on June 30