Answer to Question #62951 in Accounting for sarah

Question

Build the projected revenue budget for the six months ending in December.
Apollo cash receipts
1.5.20XX–30.9.20XX
May
June
July
August
Sept.
Oct.
Nov.
Dec.
3,000
5,000
7,000
1,000
5,000
4,500
3,000
3,000
Note:

Cash receipts are shown. Credit revenues are twice that of cash each month. The business is closed for April. Credit terms are 50% by end of the month; 35% by end of the next month balance by end of third month.

Answer 1

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