6. McDavid Company has completed its sales budget for the first quarter of next year. Projected credit sales for the first four months of the next year are shown below: January $30,000 February $36,000 March $45,000 April $48,000 The company's past records show collection of credit sales as follows: 30% in the month of sale and 70% in the following month. a. $42,300 b. $38,700 c. $45,000 d. $31,800 6. McDavid Company has completed its sales budget for the first quarter of next year. Projected credit sales for the first four months of the next year are shown below: January $30,000 February $36,000 March $45,000 April $48,000 The company's past records show collection of credit sales as follows: 30% in the month of sale and 70% in the following month. a. $42,300 b. $38,700 c. $45,000 d. $31,800