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Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $058,000 in November, $1,025,000 in December, and

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Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $058,000 in November, $1,025,000 in December, and $922,000 in January. Serdnic's sales are 25% cash and 75% credit. The company/s collection history indicates that erect sales are exloeted as follows: 20% in the month of the sale 60% in the month alter the sale 14% two months after the sale 6% are never collected Requirements 1. Prepare a saies budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Serdnic Reeds Sales Budget

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