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The Ceradyne Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $ 131,200 February 139,400 March 149,200 Credit

The Ceradyne Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows:

January $ 131,200
February 139,400
March 149,200

Credit sales in December 2020 are expected to be $ 164,000. The company expects to collect 70 percent of a month's sales in the month of sale and 30 percent in the following month. Estimate cash receipts for each month of the first quarter of 2021.

Collection of credit sales January February March
Collection of December sales $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
Collection of January sales enter a dollar amount enter a dollar amount enter a dollar amount
Collection of February sales enter a dollar amount enter a dollar amount enter a dollar amount
Collection of March sales enter a dollar amount enter a dollar amount enter a dollar amount
$ enter a total dollar amount $ enter a total dollar amount $ enter a total dollar amount

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