FEB MONTH Total Sales SEP $100,000 OCT $120,000 NOV $80,000 DEC $90,000 JAN $150,000 $120,000 10% of all sales are cash sales. The rest are credit sales. Credit sales are collected as follows: 20% in the month of sale, 70% in the month following sale, and 10% in the second month following sale. Calculate the Cash Collections during the month of January? Multiple Choice $150,000 $136,200 $105,900 $90,900 ClassQuestl Corporation, a company located in Tacoma, WA, had the following sales. OCT FEB MONTH Total Sales SEP $100,000 NOV $80,000 DEC $90,000 JAN $150,000 $120,000 $120,000 10% of all sales are cash sales. The rest are credit sales. Credit sales are collected as follows: 20% in the month of sale, 70% in the month following sale, and 10% in the second month following sale. Calculate the Accounts Receivable balance as at December 31st? Multiple Choice $116,100 $105,900 $86,400