ABC Inc. sales in December were $ the company budgeted sales revenues to increase by every month.
Cash sales are & Credit sales are Past experience indicates that of the credit sales will be collected in the month of sale and the remaining will be collected in the following month, and is uncollectible.
ABC maintains inventory of of the CGS for the following month. CGS equal of sales Revenue. Purchases of inventory are all on credit and is paid in the month of purchase and in the month following purchase, and months after the purchase.
Expenses of the company:
Rent expense is $ a month paid as incurred.
Salaries expense $ a month paid same month and following month.
Utility expense $ a month paid following month.
Sales commission expense is of sales paid same month.
Insurance expense $ a month paid at the beginning of the quarter.
Depreciation expenses is $ for the year.
Maintenance expense is of sales.
Sales Budget
tableJan,Feb,March,TotalSales Revenue,
