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A company's budgeted sales and cash collections for Quarter 1 are listed below: Collections on credit sales are as follows: The accounts receivable balance on
A company's budgeted sales and cash collections for Quarter 1 are listed below: Collections on credit sales are as follows: The accounts receivable balance on January 1 is $175,000, of which $75,000 represents uncollected December sales and $100,000 represents uncollected November salechip Q. If the total cash collected in March was $320,000, then total January sales must have been: Answel (Crick to seiect) $1,287,000 $437,000 None of the answers are correct. $135,500 $335,000 Prex
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