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  3. liza's predicts sales of $49,000 for may and $61,0

Liza's predicts sales of $49,000 for May and $61,000 for June. Assume 50% of Liza's...

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Accounting

Liza's predicts sales of $49,000 for May and $61,000 for June. Assume 50% of Liza's sales are for cash. The remaining 50% are credit sales; credit customers pay in the month following the sale.
Compute the budgeted cash receipts for June.
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Liza's predicts sales of $49,000 for May and $61,000 for June. Assu sales; credit customers pay in the month following the sale. Compute the budgeted cash receipts for June. LIZA'S Budgeted Cash Receipts For Month Ended June 30 Budgeted sales Less ending accounts receivable Cash sales Collections of last month's receivables Total budgeted cash receipts

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