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The Duffy Dog Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $204,800 February 217,600 March 232,000 Credit

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

January $204,800
February 217,600
March 232,000

Credit sales in December 2020 are expected to be $256,000. The company expects to collect 70 percent of a months 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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