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Let's break down the problem step by step and create the schedule of expected cash collections as required.

### Understanding the Key Details:
1. **Sales Collection Pattern**:
   - 25% of sales are collected in the month of sale.
   - 60% are collected in the month following the sale.
   - 15% are collected in the second month following the sale.

2. **Sales Data**:
   - February sales: \$380,000
   - March sales: \$410,000
   - April sales: \$450,000
   - May sales: \$650,000
   - June sales: \$250,000

### Schedule of Expected Cash Collections (April to June):
The collections from sales from February to June will need to be distributed according to the collection pattern.

#### For **February sales (\$380,000)**:
- 60% will be collected in **April**: $380,000 \times 0.60 = 228,000$
- 15% will be collected in **May**: $380,000 \times 0.15 = 57,000$

#### For **March sales (\$410,000)**:
- 25% will be collected in **April**: $410,000 \times 0.25 = 102,500$
- 60% will be collected in **May**: $410,000 \times 0.60 = 246,000$
- 15% will be collected in **June**: $410,000 \times 0.15 = 61,500$

#### For **April sales (\$450,000)**:
- 25% will be collected in **April**: $450,000 \times 0.25 = 112,500$
- 60% will be collected in **May**: $450,000 \times 0.60 = 270,000$
- 15% will be collected in **June**: $450,000 \times 0.15 = 67,500$

#### For **May sales (\$650,000)**:
- 25% will be collected in **May**: $650,000 \times 0.25 = 162,500$
- 60% will be collected in **June**: $650,000 \times 0.60 = 390,000$

#### For **June sales (\$250,000)**:
- 25% will be collected in **June**: $250,000 \times 0.25 = 62,500$

### Filling the Table:
Now, let's fill in the expected collections based on the sales and timing.

| **Sales Source**  | **April** | **May**  | **June** | **Total**  |
|------------------|-----------|----------|----------|------------|
| February sales    | 228,000   | 57,000   | 0        | 285,000    |
| March sales       | 102,500   | 246,000  | 61,500   | 410,000    |
| April sales       | 112,500   | 270,000  | 67,500   | 450,000    |
| May sales         | 0         | 162,500  | 390,000  | 552,500    |
| June sales        | 0         | 0        | 62,500   | 62,500     |
| **Total collections** | **443,000** | **735,500** | **581,500** | **1,760,000** |

### Required 2: Accounts Receivable on June 30th
Accounts receivable will include amounts from May and June sales that haven't yet been collected by June 30th.
- For **May sales**: 15% remains to be collected (in July). $650,000 \times 0.15 = 97,500$
- For **June sales**: 75% remains to be collected (in July and August). $250,000 \times 0.75 = 187,500$

Thus, the total accounts receivable balance on June 30th will be:
\[
97,500 + 187,500 = 285,000
\]

Let me know if you need any further clarifications or have any other questions!

### Follow-up questions:
1. How would the balance change if sales in June were higher?
2. What would happen if the collection pattern shifted by 10% earlier in the month?
3. How can this information help in projecting future cash flows?
4. What impact would bad debts have on this collection schedule?
5. How might you adjust this schedule for a seasonal business?

**Tip:** Always ensure to calculate cash collections based on the correct timing of sales in line with company policies.

Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. What is the accounts receivable balance on June 30th?

Learn how to prepare a schedule of expected cash collections from sales by month and in total for Silver Company. This problem involves understanding the distribution of cash collections over time, with percentages for each period. Calculate the accounts receivable balance on June 30th based on past sales data.

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