All units are sold on account (as credit sales) for $16 each. There are no cash sales.
Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale.
Accounts receivable on April 1 totaled $520,000 ($100,000 from February's sales and the remainder from March).
Required: Clearly label whether your calculations are for part a. or part b. a. Prepare a schedule for each month showing budgeted cash disbursements for the Western Company. b. Prepare a schedule for each month showing budgeted cash receipts for the Western Company.