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Fresplanade Co. had the following historical collection pattern for its credit sales: 75% collected in the month of sale 12% collected in the first month

Fresplanade Co. had the following historical collection pattern for its credit sales: 75% collected in the month of sale 12% collected in the first month after month of sale 8% collected in the second month after month of sale 3% collected in the third month after month of sale 2% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below:

July

$72,000

August

$84,000

September

$96,000

October

$108,000

November

$120,000

December

$102,000

The estimated total cash collections by Fresplanade Co. during November from collection of accounts receivable is:

A.

$113,160.

B.

$101,400.

C.

$143,640.

D.

$125,640.

E.

$102,420.

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