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Gem Service anticipates the following sales revenue over a ve-month period: Its collection history indicates that credit sales are collected as follows: a (Click the

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Gem Service anticipates the following sales revenue over a ve-month period: Its collection history indicates that credit sales are collected as follows: a (Click the icon to view the sales data.) 0 (Click the icon to view the collections data.) The company's sales are 40% 035\" and 60% credit. How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Gem Service Cash Collections Budget More info For the Months of January through March January Cash sales 25% in the month of the sale Collection of credit sales: 50% in the month after the sale 25% Month of sale 15% two months after the sale 50% Month after 10% are never collected 15% Two months after Total cash collections Data table March 14,200 December 10,800 November 16,000 January 15,400 February 13,000 $ $ $ $ Sales revenue ........ $

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