Sesnie Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Sesnie Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never received Cash sales Collections on credit sales: 25% Month of sale 50% Month after 15% Two months after Total cash collections January ... Sesnie Corporation Cash Collections Budget For the Months of January through March [ (...) November sales for last year were $105,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales.... February sales.. March sales... $ 185,000 $ 120,000 $ 190,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)

Sesnie Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Sesnie Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after the sale 10% of the credit sales are never recelved November sales for last year were $105,000, while December sales were $115,000. Projected sales for the next three months are as follows: \begin{tabular}{|c|c|} \hline January sales.... & 185,000 \\ \hline February sales. & 120,000 \\ \hline March sales.............. & 190,000 \\ \hline \end{tabular} Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) Sesnie Corporation Cash Collections Budget For the Months of January through March \begin{tabular}{l} \hline \\ Cash sales \\ Collections on credit sales: \\ 25% Month of sale \\ 50% Month after \\ 15\% Two months after \end{tabular}