Prepare Vaughn/Neff's cash receipts budget for the second quarter.

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Exercise 5-22 Vaughn/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $43. Vaughn/Neff collects cash at the time of sale from 36% of customers. of the remaining sales, 66% are collected in the month of sale and 34% are collected in the month following the sale. The sales budget for the rst six months of the year is as follows: January February March April May Julie Budgetedsales $139,400 $110,100 $112,000 $114,900 $122,700 $126,200 Prepare Vaughn/Neff's cash receipts budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) April May June Total cash Receipts Cashsales $' ' 5' l $ 3' ' March sales April sales l l l l l May sales l l . l l l l l l l l l June sales ' l ' Totals $' $' ' $ ' ' calculate the accounts receivable balance at the end of second quarter. AccounB Receivable balance at the end of seoond quarter $' , W V