Need correct answer general Accounting Apex Electronics has budgeted sales for April of $600 cash salesand $900 sales on credit. The company expects a 20% increasein sales per month for May and June. Calculate the amount ofsales revenues that would appear on the company's 2nd quarterpro forma income statement.

Step 1: Define Pro Forma Income Statement Sales RevenueA Pro Forma Income Statement estimates future…

Answered: Apex Electronics has budgeted sales for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 2PB: The following data were obtained from the financial records of Sonicbrush, Inc., for March: Sales...

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Apex Electronics has budgeted sales for April of $600 cash sales and $900 sales on credit. The company expects a 20% increase in sales per month for May and June. Calculate the amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement.