E9-33A (similar to) Question Help Instruments and More, Ltd., a manufacturer of saxophone, oboe, and clarinet reeds has projected sales to be 5886,000 in October, $958,000 in November, $1,030,000 in December, and 5924,000 in January. The company's sales are 20% cash and 80% credit, and collection history indicates that credit sales are collected as follows: 26% in the month of the sale 60% in the month after the sale 8% two months after the sale 6% are never collected Requirements 1. Prepare a sales budget for all four months showing the breakdown between cash and credit sales 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar Requirement 1. Prepare a sales budget for all four months showing the breakdown between cash and credit sales. (Round all answers up to the nearest dollar) Instruments and More, Ltd. Sales Budget October November December January Cash sales Credit sales Total sales Enter any number in the edit fields and then click Check Answer 1 part Clear All Check Answer remaining