March, April, and May sales are $100,000, $120,000, and $125,000, respectively. A total of 80% of all sales are credit sales and 20% are cash sales. A total of 60% of credit sales are collected in the month of the sale and 40% are collected in the next month. There are no bad debt expenses.

EXPECTED CASH COLLECTIONS For May and June, find:

a.Total Cash Collections

b. Ending balance of Accounts Receivable