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Masterson Company reports the following information from its sales budget Expected sales: July $ 83,000 August 103,000 September 113,000 Cash sales are normally 20% of

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Masterson Company reports the following information from its sales budget Expected sales: July $ 83,000 August 103,000 September 113,000 Cash sales are normally 20% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September for Masterson Company is: Multiple Choice $82,400 $105,000 $195.400 $22,600 $113,000

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