Number 8:

Number 9:

Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% 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 $ 91,000 $ 103,000 $ 115,000 $ 127,000 $ 139,000 $ 121,000 The estimated total cash collections by Fresplanade Co. during October from accounts receivable is: Multiple Choice $131,850. $119,970. $176,750. $149,450. $122,730. 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 total cash collections by Fresplanade Co. during December from accounts receivable is: Multiple Choice $128,850. $116,970. $171,690. $149,940. $118,230