Question 6 of 7 < > 0.69 / 1 Pharoah's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Pharoah's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from customers for March. (b) PHAROAH COMPANY Expected Collections from Customers Pavment of March credit purchases Collection of January credit sales Collection of February credit sales March cash sales Total collections March 67,500 45360 69300 15,750 $ 197910