Search Engine Corp. has provided the following details concerning budgeted sales.

Budgeted Sales

Jan	$75,000
Feb	69,000
March	80,000
April	82,000
May	80,500
June	92,000

The collection policy of the company is to collect 20% in the month of sale, 40% in the following month, and remaining 40% in the second month after the month of sale. All sales are made on account.

Calculate the cash receipts from customers for the first six months.

Jan Feb March April May June

Budgeted sales

Cash Receipts from

customers:

Total collection from

customers