(Answered) Problembutler company sells a single product for 6 a unit

Accounting

Problem

Butler company sells a single product for $6 a unit. Sales estimates for the last four months are as follows:

Sept 40,000

Oct 45,000

Nov 35,000

Dec 40,000

All of Butler's sales are credit sales, and it expects to collect each account receivable 15 days after the related sale. Assume that all months have 30 days.

Required: Prepare a sales budget for the last 3 months of the year, including estimated collections of accounts receivable.

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