* Question Completion Status: 2 3 4 5 6 7 8 9 10 11 Mon Inc. makes collections on credit sales according to the following schedule: 30% in month of sale 65% in month following sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: Month April May June Sales $90,000 120,000 110,000 The budget for cash collections in June will be: O $110,000. O $111,000. O $114,600. Brewerce_SM_C....docx 4 Ch07 Budgeting....docx ^ Brewerce PPT C....pptx ^ Acct 1300 mon Type here to search