Schedule of Cash Collections on Accounts Receivable and Cash Budget Selig Inc. found that about 45% of its sales during the month were for cash. The company has the following accounts receivable payment experience: Selig's anticipated sales for the next few months are as follows: 1. Calculate credit sales for May. Calculate credit sales for June. Calculate credit sales for July. Calculate credit sales for August. Feedback Check My Work 1. Calculate credit sales for each month