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Please help with this question Bonita/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $80. Bonita/Neff collects cash at the
Please help with this question
Bonita/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $80. Bonita/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: Budgeted sales January $114,000 February $ 104,000 March $104,000 April $106,000 May $109,000 June $119,000 Prepare Bonita/Neffs cash receipts budget for the second quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O.) Cash sales March sales April sales May sales June sales Totals April May June Total Cash Rec
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