Dalton Manufacturing is preparing its master budget for the first quarter of the

Question

Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalton Manufacturing's operations: EEB (Click the icon to view the data.) Read the requirements (Click the icon to view additional data.) Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total Dalton Manufacturing Cash Collections Budget For the Quarter Ended March 31 Data Table Month January February March Quarter Current Assets as of December 31 (prior year): Cash sales Credits sales Total cash collections Cash Accounts receivable, net Inventory 4,600 52,000 15,300 43,000 Retained earnings. 22,800 Print Done

Explanation / Answer

Cash collection budget :

January February March Quarter Cash sales 34860 41580 40320 116760 Credit Sales 52000 64740 77220 193960 Total cash collections 86860 106320 117540 310720

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