prepare a schedule of expected collections for January, February, March.

prepare a schedule of expected payments for direct materials for January, February and March

Current Attempt in Progress Paddu Company's budgeted sales and direct materials purchases follow. January was the first month of operations. Budgeted sales: January $138,900; February $189,900; March $249,400 Budgeted direct materials purchases: January $40,100; February $34,800; March $39,900 Paddu's sales are 35% cash and 65% credit. It collects credit sales 40% in the month of sale, 60% in the month following the sale. Paddu's purchases are 40% cash and 60% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. Prepare a schedule of expected collections for January, February, and March Paddu Company Expected Collections January February March Collect $ Cash sales 48615 $ 66465 $ 87290 Collections of credit sales: 36114 54171 January sales 49374 74061 February sales 64844 March sales $ 84729 170010 226195 Total collections