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Walmart expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales will

Walmart expects credit sales for January, February, and March to be $207,800, $252,500, and $299,900, respectively. It is expected that 80% of the sales will be collected in the month of sale, and 20% will be collected in the following month. Calculate cash collections from customers for each month.

Walmart Schedule of Expected Collections

Collections by Month

Sales

Jan

Feb

Mar

Total

January

$enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount

February

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

March

enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount

Total Collections

$enter a total amount $enter a total amount $enter a total amount $enter a total amount

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