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Exercise 7-2A (Algo) Preparing a sales budget LO 7-2 Campbell Company, which expects...

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Accounting

Exercise 7-2A (Algo) Preparing a sales budget LO 7-2
Campbell Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls.
Campbell has budgeted sales as indicated in the following table. The company expects a 12 percent increase in sales
per month for February and March. The ratio of cash sales to sales on account will remain stable from January through
March.
Required
a. Complete the sales budget by filling in the missing amounts.
b. Determine the amount of sales revenue Campbell will report on its first quarter pro forma income statement.
Complete this question by entering your answers in the tabs below.
Required Required
A
B
Complete the sales budget by filling in the missing amounts.
Note: Do not round intermediate calculations. Round final answers to two decimal places.
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