Washington Company has prepared the following sales budget: $\begin{array}{lll}
\text { Month } & \text { Cash S ales } & \text { Credit Sales } \
\text { February } & \$ 14,000 & \$ 28,000 \
\text { March } & 12,800 & 29,200 \
\text { April } & 10,800 & 26,400
\end{array}$ Collections are 40% in the month of sale, 50% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated.
Required: Prepare a schedule of cash collections for April.

Question

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The Answer of Washington Company has prepared the following sales budget: $\begin{array}{lll}
\text { Month } & \text { Cash S ales } & \text { Credit Sales } \
\text { February } & \$ 14,000 & \$ 28,000 \
\text { March } & 12,800 & 29,200 \
\text { April } & 10,800 & 26,400
\end{array}$ Collections are 40% in the month of sale, 50% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated.
Required: Prepare a schedule of cash collections for April.

Washington Company Has Prepared the Following Sales Budget Collections Are 40% in the Month of Sale, 50% in Month