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Chapter 13 & 14 (50 pts) Bay Leaf Industries needs you...

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Accounting

Chapter 13 & 14
(50 pts)
Bay Leaf Industries needs you to do the cash budget. The company's sales were fixed at $600,000 per month, but the company anticipates landing another contract for an additional $30,000 in the second month of the quarter (February). Thirty percent of the company's customers pay cash up front with their orders; 40% pay the following month, and the last 30% pay within 2 months. Assume that Bay Leaf has no interest or other income at this time. Complete Bay Leaf Industries monthly cash collection table through the first quarter. (14 pts)
Amount of Cash Collected
\table[[,Sales ($),Oct.,Nov.,Dec.,Jan.,Feb.,Mar.],[Oct.,,,,,,,],[Nov.,,,,,,,],[Dec.,,,,,,,],[Jan.,,,,,,,],[Feb.,,,,,,,],[Mar.,,,,,,,],[Total,,,,,,,],[Cash,,,,,,,],[Receipts,,,,,,,]]
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