Check my work Exercise 72A Preparing a sales budget LO 72 Wa

Check my work Exercise 7-2A Preparing a sales budget LO 7-2 Walton Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls Walton has budgeted sales as indicated in the following table. The company expects a 13 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 Walton will report on its first quarter pro forma income statement. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round intermediate calculations and final answers to 2 decim laces Sales Cash sales Sales on account Total budgeted sales! January February March 47,000 $53,110.00 $60,014.30 103,000 116,390.00 131,520.70 $ 150,000! Required A Required B

Solution

January February March Cash sales 47000 53110 60014.3 Sales on account 103000 116390 131520.7 Total budgeted sales 150000 169500 191535 Sales revenue = 150000+169500+191535= 511035