The Foress Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January February March $188

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The Foress Antique Mall Budgeted Credit Sales In The First Quarter Of 2021 To Be As Follows January February March 188 1 (31 KiB) Viewed 10 times

The Foress Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January February March $188,800 200,600 214,000 Credit sales in December 2020 are expected to be $236,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 percent in the following month. Estimate cash receipts for each month of the first quarter of 2021. Collection of credit sales Collection of December sales $ Collection of January sales Collection of February sales Collection of March sales $ January $ $ February $ $ March Ac Go