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Sunland industries expect credit sales for January, February, and march to be $209600, $252200, and $292800, respectively. It is expected that 75% of the sales
Sunland industries expect credit sales for January, February, and march to be $209600, $252200, and $292800, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Calculate cash collections from customers for each month.
Sunland industries
Schedule of expected collections
Collections by month
Sales | Jan | Feb | March | Total | |
January | $ | $ | $ | $ | $ |
February | |||||
March | |||||
Total collections | ------ | $ | $ | $ | $ |
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