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Tucker Inc. had the following budgeted sales for the first half of the current year: Cash Sales Credit Sales January $70,000 $340,000 February 50,000 190,000

Tucker Inc. had the following budgeted sales for the first half of the current year:
Cash Sales Credit Sales
January $70,000 $340,000
February 50,000 190,000
March 40,000 135,000
April 35,000 120,000
May 45,000 160,000
June 40,000 140,000
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:
Collections on credit sales: 60% in month of sale
30% in month following sale
10% in second month following sale
There is no beginning accounts receivable balance.
The total cash collected by Tucker Inc. during January would be:
The total cash collected by Tucker Inc. during February would be:
The total cash collected by Tucker Inc. during March would be:
The total cash collected by Tucker Inc. during April would be:
The total cash collected by Tucker Inc. during May would be:
The total cash collected by Tucker Inc. during June would be:

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