problem #1 of 6

Problem 2-The 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
Total Collected

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