Collections are 40 percent in the month of sale 50 in the, Ask an Expert

Accounting

Dubuque Company has made the given sales budget:

Month Cash Sales Credit Sales

February $14,000 $28,000

March 12,800 29,200

April 10,800 26,400

Collections are 40 percent in the month of sale, 50% in the month given the sale, and 10 percent two months following the sale. No uncollectible accounts are anticipated.

Required: Make a schedule of cash collections for April.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919095

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