The following is the sales budget for the given months of Ibrunt, Inc.:

Cash Sales Credit Sales

June $$48,000$ $$199,000$

July $$36,000$ $$279,000$

August $$58,000$ $$218,000$

September $$44,000$ $$212,000$

October $$56,000$ $$274,000$

Additional information to be used determining the expected cash collections each month that will be used in preparing the cash budget:

The Accounts Receivable balance on June $1$ was $$89,000.$ Of this amount, $$70,000$ represented uncollected May sales and $$19,000$ represented uncollected April sales.

Collections on Credit sales:

$65\%$ in month of sale

$30\%$ in month following sale

$5\%$ in second month following sale

Part $1$:

What is the expect cash to be collected in June? $Answer $1$ Question $12$

Part $2$:

The budgeted Accounts Receivable on October $1$ would