Company A is expecting to sell 10000 cases in July 20000 cases in August and 3

Company A is expecting to sell 10000 cases in July 20000 cases in August and 30000 in September of Year 2. Selling price per case is $30. All sales
are on account. The sales are collected 70% in the month of sale and 30% in the month following sale. June sales totaled $200000. Bad debts are negligible
and can be ignored.

Required:

a) Prepare a sales budget.

b) Prepare a schedule of expected cash collections from sales by month and in total for the third quarter.

c) Assume that the company will prepare a budgeted balance sheet as of September 30. Determine the accounts receivable as of that date.