Homework Answers
| LIZA'S | |
| Budgeted Cash Receipts | |
| For Month Ended June 30 | |
| Budgeted sales | 60,000 |
| Less ending accounts receivable | -30,000 |
| Cash sales | 30,000 |
| Collections of last month's receivables | 24,500 |
| Total budgeted cash receipts | $54,500 |
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