2. As of January 1 of the current year, the had accounts February, and March were as follows: $120,000, $140,000, and $150,000, respectively. Of each month 's cash. Of the remaining credit sales, 60% are collected in the month of sale, with the remaining following month What is the total cash collected (both from accounts receivable and for cash sales) in the month o rayson Company had accounts receivables of $40,000. The sales for January sales, 20% are for 40% collected in the f January