Pratt's has reviewed past collection history and has determined that credit card sales will be collected as

follows: $90\%$ is collected in the month of sale and $10\%$ is collected the following month. The total credit card

sales for the month of December $31,2019,$ were $$250,000.$

Prepare the cash collection per month section of the cash receipts budget worksheet for the first quarter.

How to calculate Current Month Credit Card Sales and Previous Month Credit Card Sales