Novak Industries expects credit sales for January, February, and March to be $196,100, $265,900, and $290,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. January February March Total Collections $ Sales $ $ Jan NOVAK INDUSTRIES Schedule of Expected Collections $ $ Collections by Month Feb $ N

Novak Industries expects credit sales for January, February, and March to be $196,100,$265,900, and $290,900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month, Calculate cash collections from customers for each month