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The Golden Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January February March $182,400 193,800 206,800 Credit sales

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The Golden Antique Mall budgeted credit sales in the first quarter of 2021 to be as follows: January February March $182,400 193,800 206,800 Credit sales in December 2020 are expected to be $228,000. 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 MacBook Air

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