Q6. The following information relates to the business of L & B Computers. Actual Credit Sales amount to: March April May $6.930 $5,390 $2,970 Customers normally pay their debts at the following rate: * 80%% in first month after sale * 20% in second month after sale Estimated Credit Sales: June July August $4.840 $5.610 $4,180 Required: Prepare an Accounts Receivable collections budget, for the months of June, July and August. LGB Computers Accounts Receivable Collections Budget April May June July August Credit Sales $ Collections: 1 month 2 months Total Receipts