Question: i am in a practice selection and kept getting errors after errors. so can you show me how we supposed to get from start to
i am in a practice selection and kept getting errors after errors. so can you show me how we supposed to get from start to end correctly in case i was missing something? a reminder this is from practice section so it worth nothing. i just wanted to practice correctly. i copied and pasted while having a picture of graph so you know what it look like.
thank you
Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:
April May June Total
Budgeted sales (all on account)$420,000 $620,000 $240,000 $1,280,000
From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 65% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $350,000, and March sales totaled $380,000.
Required:
1. need to create a schedule of expected cash collections from sales, by month and in total, for the second quarter.
2. What is the accounts receivable balance on June 30th?


03:37:35 Complete this question by entering your answers in the tabs Required 1 Required 2 What is the accounts receivable balance on June 30th? Total accounts receivable at June 30
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