Homework: Chapter 9 Homework Part Gem Service anticipates the following sales revenue over a five-month period: Click the icon to view the sales data.) The company's sales are 20% cash and 80% credit Complete the cash budget to determine how much cash will be collected in January, February, Ma Gem Service Cash Collections Budget For the Months of January through March January Cash sales Collection of credit sales: 25% Month of sale 50% Month after 20% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer. Hein Me Soho TL Its collection history indicates that credit sales are collected as follows: Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total Harch and for the quarter in total. (Round your answers to the nearest whole dollar.) Data Table 1 November December March Sales revenue $ 16,000 $ 11,200 January $ 15,000 February $ 12.200 $ 14,200 More Info - X Done 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Print Done Clear All