Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, 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 eTextbook and Media Sales 207,800 Jan PHAROAH INDUSTRIES Schedule of Expected Collections Collections by Month Feb 166,240 $ 252,500 166,240 299,900 33,160 252,500 202,000 41,560 199,400 243,560 Pharoah Industries expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, 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. Jan PHAROAH INDUSTRIES Schedule of Expected Collections Collections by Month Feb Mar 166,240 $ 252,500 166,240 33,160 299,900 202,000 239,920 41,560 50,500 Total 760,200 608,160 125,220 $ 199,400 $ 243,560 290,420 $ 733,380 eTextbook and Media Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Attempts: 2 of 3 used Submit Answer