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T-Mobile 4:29 PM moodle-2017-2018.fullerton.edu 1 of 2 264 Project 2-Operating budgets for merchandising and service...

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T-Mobile 4:29 PM moodle-2017-2018.fullerton.edu 1 of 2 264 Project 2-Operating budgets for merchandising and service organisations(Chapters 2 and 3) Queation Bach Distributors is a wholesaler of grocery items. As the accountant, you have been asked to develop the operating badget. The budget must be prepared taking into consideration the following information Sales 1. Sales in units are May (actual June (actual) July August September October 8260 8 470 8330 7 980 8 400 8 540 2. Average selling price is $17 per unit. 3. Each month's sales will be invoiced on the last day of that month. . All sales are on credit. S. Accounts receivable pay 80% in the month following sale and are allowed a 2% discount 17% in the second month after sale; and, 3% are uncollectible. 6. Bad debts are recognised in the month of sale

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