$***$round all calculations to the nearest dollar$***$

Bison Inc. Budget Exercise $3$:$00$ Class Only $($Section $13612)$

Bison Inc. sells Sporting Goods. The following is the trial balance for Bison Inc. as of $9/30/2025.$

$*$ Budgeted sales for October total $\backslash (\backslash$$ $120,000\backslash ),$ consisting of $\backslash (\backslash$$ $30,000\backslash )$ cash and $\backslash (\backslash$$ $90,000\backslash )$ on credit.

$*$ The company expects sales to increase by $\backslash (8\backslash \%\backslash )$ each month.

$*$ The mix of cash v$.$ credit sales is not expected to change from month to month.

$*$ HALF of the credit sales are collected in the following month. The remaining sales are collected $2$ months later.

$*\backslash (\backslash$$ $20,000\backslash )$ of the AR at $\backslash (9/30\backslash )$ was collected in October, the remaining amount was collected in November.

Prepare a sales budget and schedule of cash receipts for October, November, and December.

Cash Receipts

Cash Sales

Credit Sales

Total

What is total revenue for the fourth quarter $($Q$4)?$

What is the accounts receivable balance at $\backslash (12/31/2025\backslash )?$