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May's Company has the following sales for the first quarter of 2022: January 5,000 Cash sales Sales on account Total sales 10,000 15,000 February 6,000
May's Company has the following sales for the first quarter of 2022: January 5,000 Cash sales Sales on account Total sales 10,000 15,000 February 6,000 12,000 18,000 March 4,000 16,000 20,000 Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $7,000, the amount of December 2021's sales on account. Calculate the cash receipts from customers for the first 3 months of 2022.
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