https:/ cation.com/flow/connect.html Test2 Help Save&Exit Submit Munoz Pointers Corporation expects to begin operations on January 1, 2019; It will operate as a specialty sales company that sells laser pointers over the Internet. Munoz expects sales in January 2019 to total $290,000 and to increase 15 percent per month in February and March. All sales are on account. Munoz expects to collect 69 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 10 percent in the second month following the sale. Required 01:40 47 a. Prepare a sales budget for the first quarter of 2019. b. Determine the amount of sales revenue Munoz will report on the first 2019 quarterly pro forma income statement. c Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019. Complete this question by entering your answers in the tabs below Required A Required B Required C Required D Prepare a sales budget for the first quarter of 2019. Sales Budget January Fry March Sales on account Required B https:/ Saved Help Save & Exit Munoz Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Munoz expects sales in January 2019 to total $290,000 and to increase 15 percent per month in February and March. All sales are on account. Munoz expects to collect 69 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 10 percent in the second month following the sale. ohsoz Requl 0140 24 a Prepare a sales budget for the first quarter of 2019. b. Determine the amount of sales revenue Munoz will report on the first 2019 quarterly pro forma income statement c. Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019. Complete this question by entering your answers in the tabs below. Required A Requirla BRequired C Required D Determine the amount of sales revenue Munoz will report on the first 2019 quarterly pro forma income statement. Required A Required C Test2 https:/ tml Test2 Help Save &ExiltSubmit Munoz Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Munoz expects sales in January 2019 to total $290,000 and to increase 15 percent per month in February and March. All sales are on account. Munoz expects to collect 69 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 10 percent in the second month following the sale. Required a. Prepare a sales budget for the first quarter of 2019 b. Determine the amount of sales revenue Munoz will report on the first 2019 quarterly pro forma income statement. c Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019. Complete this question by entering your answers in the tabs below Required A Required 8Rebuired C Required D Prepare a cash receipts schedule for the first quarter of 2019. (Do not round intermediate calculations. Round final answers to whole dollars.) February March Receipts from January sales Receipts from February sales Receipts from March sales Total Required B Required D > est2 C https:/ Test2 Help Save & Exit Submit Munoz Pointers Corporation expects to begin operations on January 1, 2019; It will operate as a specialty sales company that sells laser pointers over the Internet. Munoz expects sales in January 2019 to total $290,000 and to increase 15 percent per month in February and March. All sales are on account. Munoz expects to collect 69 percent of accounts receivable in the month of sale, 21 percent in the month following the sale, and 10 percent in the second month following the sale Required 013945 a. Prepare a sales budget for the first quarter of 2019 b. Determine the amount of sales revenue Munoz will report on the first 2019 quarterly pro forma Income statement. c. Prepare a cash receipts schedule for the first quarter of 2019. d. Determine the amount of accounts receivable as of March 31, 2019 Complete this question by entering your answers in the tabs below Required ARequired Required CRequires D Determine the amount of accounts receivable as of March 31, 2019. (Do not round intermedlate calculations. Round final answers to whole dollars.) Prey 5 of 32 Next >