2.5 points Ance 5% The Johann's Professional Service Company expects 70% of sales for cash and...

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2.5 points Ance 5% The Johann's Professional Service Company expects 70% of sales for cash and 30% on credt. The company collects 70% of its credit sales in the month following sale 25% in the second month fatowing sale, and not collected that is they are bad debts) Expected sales for June July and August are 559 000, $65,000 and 555.000, respectively What are the company's expected total cash receipts in Augu O$106.300 O360250 $76.250 (4.556.375 2.5 points Ance 5% The Johann's Professional Service Company expects 70% of sales for cash and 30% on credt. The company collects 70% of its credit sales in the month following sale 25% in the second month fatowing sale, and not collected that is they are bad debts) Expected sales for June July and August are 559 000, $65,000 and 555.000, respectively What are the company's expected total cash receipts in Augu O$106.300 O360250 $76.250 (4.556.375