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a. What were the December sales? b. How much did the firm collect in the months of February and March? c. What was the ending


a. What were the December sales? 


b. How much did the firm collect in the months of February and March?


c. What was the ending balance of accounts receivable for March?

2021: The following is the sales budget for Uptown Rentals, Inc. for the first quarter of Sales budget January $136.000 February $148.000 Credit sales are collected as follows: 60 percent in the month of sale 32 percent in the month after the sale 8 percent in the second month after the sale March $153,000 The accounts receivable balance at the end of the previous quarter was $87,040 ($73,600 of which was uncollected December sales).

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