The WRT Corporation makes collections on sales according to the following schedule:

35% in month of sale 61% in month following sale 4% in second month following sale

The following sales have been are expected:

Expected Sales

April $200,000

May $130,000

June $120,000

Budgeted cash collections in June should be budgeted to be:

rev: 11_17_2016_QC_CS-70188

$120,800

$120,000

$129,300

$121,300