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Two Brothers Moving prepared the following sales budget: Month March Cash Sales Credit Sales $25,000 $7,000 April $39,000 $18,000 May $39,000 $51,000 $36,000 $55,000 June

Two Brothers Moving prepared the following sales budget: Month March Cash Sales Credit Sales $25,000 $7,000 April $39,000 $18,000 May $39,000 $51,000 $36,000 $55,000 June Credit collections are 10% in the month of sale, 65% in the month following the sale, and 20% two months following the sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in May at Two Brothers Moving? A. $58,600 B. $16,700 C. $100,000 D. $55,700

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