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You are the managerial accountant for Company of Athens Coffee Inc. You have budgeted the monthly sales for the next four months (as shown below).

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You are the managerial accountant for Company of Athens Coffee Inc. You have budgeted the monthly sales for the next four months (as shown below). Historically, 20% of total sales are on cash, the remainder are credit sales. Of the credit sales, 35% is collected in the month of sale, 65% is collected the month after the sale. Month January February March April Total Sales $100,000 $110,000 $150,000 $185,000 Required: Prepare a schedule of cash collections budget for the months of February and March in the template below. B February March

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