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Duffy Corporation Has Prepared the Following Sales Budget

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Duffy Corporation has prepared the following sales budget:
Duffy Corporation has prepared the following sales budget: Collections are 40% in the month of sale, 45% in the month following the sale, and 10% two months following the sale.The remaining 5% is expected to be uncollectible.Required: Prepare a schedule of cash collections for July through September. Collections are 40% in the month of sale, 45% in the month following the sale, and 10% two months following the sale.The remaining 5% is expected to be uncollectible.Required:
Prepare a schedule of cash collections for July through September.

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