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The Credit Sales for the three months (January to March) been estimated as S 40,000. S and S 60.000 respectively The company credit policies

The Credit Sales for the three months (January to March) been estimated as S 40,000. S and S 60.000 respectively The company credit policies state that of credit sales would be collected in the same month and the remaining in secorui rnonth of sales. What is total credit sales collections to be reported for the first quarter in next year's Cash budget? s 120.000 s 40000 s 150,000 s 30,000

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