Question
Black Horse Transportations sales budget for the first quarter follows: January $250,000 February 300,000 March 290,000 All sales are on account (credit) with 50% collected
Black Horse Transportations sales budget for the first quarter follows:
| January | $250,000 |
| February | 300,000 |
| March | 290,000 |
All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% uncollectible. The March cash receipts are
Group of answer choices
$235,000
$145,000
$285,000
$575,00
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
