Check Up Corner $22-3.$ Cash Budget

Quincy Company has both cash and credit customers. The company expects that $40\%$ of total monthly sales will be collected in cash in the month of sale, and the remaining $60\%$ will be collected in the month following the month of sale. The Accounts Receivable balance on January $1$ is $$97,500,$ all of which is expected to be collected during January. Projected sales for the first three months of the year are as follows:

$\backslash$table$[[$January$,$$$190,000$