QUESTION 5 The Smart Company is preparing its cash budget for the month of June. The following information is available concerning its accounts receivable: Estimated credit sales for June Actual credit sales for May Est.collections in June for credit sales in June Est.collections in June for credit sales in May Est.collections in June for credit sales prior to May$ 22,000 Est. write-offs in June for uncollectible credit sales Est.provision for bad debts inJune for credit sales 304,000 229,000 25% 65% 16,000 in June 14,000 What are the estimated cash receipts from accounts receivable collections in June? A $260,850. 0 B. $246,850. C. $262,850. D. $276,850 QUESTION 6 that is resmonsibie for revenues gnty ls sommently referred to as a(m)