- / 20 Question 9 of 10 View Policies Current Attempt in Progress The Golden Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $182,400 February 193,800 March 206,800 Credit sales in December 2020 are expected to be $228,000. 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 March of credit January February sales Collection of $ $ $ December sales Collection of January sales Collection of February sale Collection of March sales $ $ eTextbook and Media Attempts: 0 of 1 used Submit Answer Save for Later