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Switty Developenent, loc, has budgeted sales revenuer as follows: Past experience has indicated that 90 s. of sales each month are on credit aad that

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Switty Developenent, loc, has budgeted sales revenuer as follows: Past experience has indicated that 90 s. of sales each month are on credit aad that collection of credit sales occurs ai f the month of sale. 30% in the month following the sale, and 5W in the second ulonth following the sale. The other 5%6 is Prepare a schedule which shows copected canhrecelots from sales for fhe menth of Apfil. May and Jne iDonet lener Wark Enter Ofor amounsc] Swifty Develogment, Inc has budgeted sales revenues as follows Past experience has indicated that 90% of sales eachmonth are on credit and that collection of credit sales occurs as follows: 60 s. in the month of sale, 30\%6 in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, Mar, and June, (Do not leove anyanwer field blank Enter O for amcunts.)

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