Perfection Constructions Pty Ltd has the following information with regards to its monthly receipts from credit...

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Perfection Constructions Pty Ltd has the following information with regards to its monthly receipts from credit sales/ accounts receivable. January February March April May June Credit Sales ($) 75 000 85 000 95 000 105 000 125 000 100 000 Typically, credit sales are collected in the following pattern: 45% In the month of sale 35% In the month following sale 20% In the 2nd month following sale Using the information above about the collection policy, please fill in the blanks in the table below to calculate monthly cash receipts from past and current sales. Credit Sales January February March April 75000 January ($) February 85000 March 95000 April 105000 May 125000 June 100000 Total Credit Collections May June 112 000 109 750 Perfection Constructions Pty Ltd has the following information with regards to its monthly receipts from credit sales/ accounts receivable. January February March April May June Credit Sales ($) 75 000 85 000 95 000 105 000 125 000 100 000 Typically, credit sales are collected in the following pattern: 45% In the month of sale 35% In the month following sale 20% In the 2nd month following sale Using the information above about the collection policy, please fill in the blanks in the table below to calculate monthly cash receipts from past and current sales. Credit Sales January February March April 75000 January ($) February 85000 March 95000 April 105000 May 125000 June 100000 Total Credit Collections May June 112 000 109 750