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K Garnet Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data.) The company's sales are
K Garnet 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 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? Complete the cash budget to determine how much cash wil be collected in January, February, March and for the quarter in total (Round your answers to the nearest whole dollar) Garnet Service Cash Collections Budget For the Months of January through March Cash sales Colection of credit sales 25 Month of sale 50% Month after 10% Two months after Total cash rullusions January Fobnuary March Quarter
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