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Sunland Industries expects credit sales for January, February, and March to be $202,400, $239,200, and $276,000, respective expected that 75% of the sales will
Sunland Industries expects credit sales for January, February, and March to be $202,400, $239,200, and $276,000, respective expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month. Credit Sales January January 230,000 Collections from Customers February 59,800 March +A $ February March 230,000 +A +A 207,000 i 266,800 207,000 +A $ 207,000
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