Baum Bookstore is a tradition at State University. The store has served students and faculty for more than 50 years and is still regarded as the premier bookstore in the area. Baum Bookstore€™s sales budget shows the following projections (i.e., the number of units in each category) for the period ending May 31, 2010:

The average sales price of each of the various items is as follows: books, $70; school supplies, $20; software, $90; and miscellaneous, $15. Because the store sells primarily to students and faculty, there are no credit sales.

Required
Prepare a cash receipts budget by item category for eachmonth.

Month January February March April May Books School Supplies Software Miscellaneous 4,000 1,400 1,000 2,700 1,450 1,310 1,600 1,850 240 190 175 100 145 1,700 1,400 1,500 1,650 2,125 500 1,800