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Waterway Industries expects credit sales for January, February, and March to be $197,500, $269,300, and $289,400, respectively. It is expected that 70% of the
Waterway Industries expects credit sales for January, February, and March to be $197,500, $269,300, and $289,400, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. January February March Total Collections Sales $ +A tA Jan WATERWAY INDUSTRIES Schedule of Expected Collections Collections by Month Feb $
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