sales Budget: Jan Feb March April May June Total sales $600,000 $840,000 $1,000,000 $1,240,000 $1,100,000 $360,000 Less: cash sales 90,000 126,000 150,000 186,000 165,000 54,000 Total credit sales $5 10,000 $714,000 $850,000 $1,054,000 $935,000 $306,000 Rates of credit sales collections: Month of sale = 20%, 1't month after sale = 40%, and 2"d month after sale = 30% For JUNE, complete the following Accounts Receivable reconciliation: Month June Cash Of Sale Credit sales Collections TOTAL Collections of Credit Sales - + Cash Sales = TOTAL Cash Collections Page 7 of 10