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Please fill in the yellow spaces Whispering Winds Industries expects credit sales for January, February, and March to be $196,500,$270,300, and $310,400, respectively. It is
Please fill in the yellow spaces
Whispering Winds Industries expects credit sales for January, February, and March to be $196,500,$270,300, and $310,400, 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. \begin{tabular}{l|l|l|l|} \hline Sales & Jan & Collections by months \\ \hline Jan & Feb March & \\ \hline Feb & & \\ \hline March & & \\ \hline Total Collections & & \\ \hline \end{tabular}Step by Step Solution
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