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Riverbed Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues January $56,000 February 65,000 March 97,000 April 78,000 May 61,000 June 39,000 Past

Riverbed Development, Inc. has budgeted sales revenues as follows:

Budgeted Sales Revenues

January

$56,000

February

65,000

March

97,000

April

78,000

May

61,000

June

39,000

Past experience has indicated that 70% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible.

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Riverbed Development. Inc. has budgeted sales revenues as follows: Past experience has indicated that 70% of sales each month are on credit and that collection of credit sales occurs as follows; 60\% in the month of sale, 30\% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. (Do not leove ary answer feld blank Enter O for amounts.)

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