Question: Question 2 of 5 /2 E Current Attempt in Progress Sunland/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for

Question 2 of 5 /2 E Current Attempt in Progress Sunland/Neff, Ltd.

Question 2 of 5 /2 E Current Attempt in Progress Sunland/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $75. Sunland/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales. 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: Budgeted sales January $107.000 $97.000 February March April May June $27.000 $99.000 $102,000 $112,000 Prepare Sunland/Neff's cash receipts budget for the second quarter (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) April Cash sales $ March sales April sales May sales June sales Totals $ $ Total May June Cash Receipts $ $ Calculate the accounts receivable balance at the end of second quarter Accounts Receivable balance at the end of second quarter eTextbook and Media Save for Later $ Attempts: 0 of 4 used Submit Answer

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