What i have so far

8. Cash Receipts Budget: All sales are on account. Johnson's collection pattern is: .20 percent collected in month after sale 10 percent collected in the second month after sale Johnson is expecting to earn $150,000 is sales revenue in the month of June. The cash collection pattern noted above is consistent for all quarters. Required: Prepare a cash receipts budget (schedule of cash receipts): Check Figure: Total budgeted cash receipts for the quarter S647,000