Cash Budget

Part 1-Cash Budget

97% of sales are credit sales. Accounts Receivable are collected at 35% of sales
the month of sale, 40% the following month, and 25% the third month.

Sales for January:	$475,000
Sales for February:	525,000
Sales for March	532,000
Sales for April	516,000

Prepare cash collections for March and April

From sales in	Total	% Collected	March	April
January
February
March
April
Total Collected