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The Foress Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $188,800 February 200,600 March 214,000 Credit

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The Foress Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January $188,800 February 200,600 March 214,000 Credit sales in December 2020 are expected to be $236,000. 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 $ $ $ Collection of January sales Collection of February sales Collection of March sales Ac Go

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