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Oriole Industries expects credit sales for January, February, and March to be $209,300, $247,100, and $297,000, respectively. It is expected that 80% of the sales
Oriole Industries expects credit sales for January, February, and March to be $209,300, $247,100, and $297,000, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month. January February March Total Collections LA $ Sales 69 $ Jan ORIOLE INDUSTRIES Schedule of Expected Collections Collections by Month $ $ Feb LA $ LA $
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