The information for a retailer is given below: Sales are budgeted at $350,000 for March, $380,000 for April and $340,000 for May. Collections are expected to be 82% in the month of sale and 17% in the month following the sale. 1% is uncollectible. The balance in Accounts Receivable is $59,500 on April 1st. Show your detailed computation of the expected cash collections for May. Essay Toolbar navigation BIUS > 7 >

The information for a retaller is given below: - Sales are budgeted at $350,000 for March, $380,000 for April and $340,000 for May. - Collections are expected to be 82% in the month of sale and 17% in the month following the sale. 1% is uncollectible. - The balance in Accounts Recelvable is $59,500 on April 1st. Show your detailed computation of the expected cash collections for May