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Search Engine Corp. has provided the following details concerning budgeted sales. budgeted sales jan $65,000 feb $79,000 march $90,000 April $102,000 may $96,500 June $92,000

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

budgeted sales

jan $65,000
feb $79,000
march $90,000
April $102,000
may $96,500
June $92,000

The collection policy of the company is to collect 30% in the month of sale, 40% in the following month, and remaining 30% in the second month after the month of sale. All sales are CREDIT SALES made on account. January represents the FIRST MONTH of operations. REQUIRED: Calculate the TOTAL cash receipts by MONTH from customers for EACH of the first six months of operations.

budgeted sales

jan $65,000
feb $79,000
march

$90,000

april $102,000
may $96,500
june $92,000

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