the january 1 balance in accounts receivable is 10 000 prepare a schedule of budgete 648592

1. Shay, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $25 per unit. Budgeted sales for the next four months follow. Prepare a sales budget for the months of January, February, and March.

2. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The January 1 balance in accounts receivable is $10,000. Prepare a schedule of budgeted cash receipts for January, February, and March.