CH 16 Drill Q2

The following is the sales budget for Segura, Inc., for the first quarter of 2013: Credit sales are collected as follows: 55 percent in the month of the sale 25 percent in the month after the sale 20 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $126,300 ($90,900 of which was uncollected December sales). Required: Compute the sales for November. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Sales $ Compute the sales for December. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Sales $ Compute the cash collections from sales for each month from January through March. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)