The Taylor Hall Company Company has the following budgeted sales: The regular pattem of collection of credit sales is ( 30 % ) in the month of sale, ( 60 % ) in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted Cash Receipts for July would be: ( $ 400,000 ) ( $ 430,000 ) ( $ 390,000 ) ( $ 435,000 )

The Taylor Hall Company Company has the following budgeted sales: The regular pattern of collection of eredit sales is 30% in the monith of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted Cash Roceipts for July would bo $400,000$430,000$390,000$435,000