Multiple Choice

• $98,850.

• $94,380.

• $102,090.

• $65,250.

• $84,690.

Fresplanade Co. had the following historical collection pattern for its credit sales: 75% collected in the month of sale 12% collected in the first month after month of sale 8% collected in the second month after month of sale 4% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July August September October November December $ 87,000 $ 99,000 $ 111,000 $ 123,000 $ 135,000 $ 117,000 The estimated cash collection by Fresplanade Co. during September from credit sales in July, August, and September is