Dubuque company has prepared the following sales budget

Reference no: EM13570000

Dubuque Company has prepared the following sales budget: Month Cash Sales Credit Sales February $14,000 $28,000 March 12,800 29,200 April 10,800 26,400 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.

Reference no: EM13570000

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