Exercise 10-10 The Marshall Antique Mall budgeted credit sales in the first quarter of 2018 to be as follows: January February $161,000 171,000 183,000 Credit sales in December 2017 are expected to be $221,000. The company expects to collect 89 percent of a month's sales in the month of sale and 11 percent in the following month. Estimate cash receipts for each month of the first quarter of 2018. January February March Collection of credit sales Collection of December sales Collection of January sales Collection of February sales Collection of March sales Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: 0 of 3 used