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Y&Z Co had forecasted sales as follows:
-April= $406,000
-May= $452,000
-June= $496,000
Sales are 30% credit and 70% cash
50% of the credit sales are collected in the month of the sale, 30% in the month following the sale, and 20% in the following month.
Totals sales for the months of February and March were $900,000 with February having $500,000 credit sales and March $400,000
Prepares a sales budget schedule and a cash collections budget schedule for the months of April, May and June
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