please do febuary and march as well

Bentfield

Corporation has found that

60%

of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales,

Bentfield

Corporation has experienced the following collection pattern:

25% received in the month of the sale

50% received in the month after the sale

20% received two months after the sale

5% of the credit sales are never received

.....

November sales for last year were

$80,000,

while December sales were

$120,000.

Projected sales for the next three months are as follows:

January sales. . . . . . . . . . . . . . .	$150,000
February sales. . . . . . . . . . . . . .	$125,000
March sales. . . . . . . . . . . . . .	$180,000

Requirement

Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)

Bentfield Corporation

Cash Collections Budget

For the Months of January through March

	January
Cash sales
Collections on credit sales:
25% Month of sale
50% Month after
20% Two months after
Total cash collections

But ES 1 C