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Sales Jan 100,000 Feb 80,000 Mar 90,000 Apr 120,000 May 100,000 June 80,000 Sales are 20% cash and 80% credit. Credit Sales Collections 25% Month

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Sales Jan 100,000 Feb 80,000 Mar 90,000 Apr 120,000 May 100,000 June 80,000 Sales are 20% cash and 80% credit. Credit Sales Collections 25% Month of Sale 50% Month after 20% 2nd month 5% Never Required: Prepare a cash receipts budget for April, May and June

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