Question 8 ABC company has budgeted $200,000 of sales for January. Answer saved Sales are 50% cash and 50% on credit. Marked out of 2.00 Credit sales are collected 100% in the month following the sale Flag question A/R at Dec 31 = $0 ( because ABC started operations on Jan 1) What are the cash collections for January? Select one: O $0 O $100,000 O $50,000 O none of these