Answer Happy

EXAM 3 (CHAPTERS 8 & 91 3 2012759 In the first six months of 2022, the The Shelf Company expected monthly sales of Cash Sales Credit Bales $20,000 $25,000 $120,000 $140,000 $100,000 $117,000 $42,000 $170,000 $50,000 $110,000 The company's cost accountants have reviewed past sales and have determined this collection pattern: Collections on sales: 55% in month of sale January February March April May June $37,000 $32,000 35% in month following sale 10% in second month following sale Multiple Choice Help Save & Ea Submit On January 1, 2022, the accounts receivable balance was $71,000, of which $54,000 was left from December sales that had not yet been collected and $17,000 were from November sales that had not yet been collected. Budgeted cash collections during January by The Shelf Company would be:

EXAM 3 (CHAPTERS 8 & 9) 3 2012TAS Mutiple Choice $175.000 On January 1, 2022, the accounts receivable balance was $71,000, of which $54,000 was left from December sales that had not yet been collected and $17,000 were from November sales that had not yet been collected Budgeted cash collections during January by The Shelf Company would be: $183,000 $145,000 Seet $120,000 Help Save & Exi Submit