S9-11 Cash collections budget (Learning Objective 3) Kessler Service anticipates the following sales revenue over...
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Accounting
S9-11 Cash collections budget (Learning Objective 3) Kessler Service anticipates the following sales revenue over a five-month period: November December January February March 13,200 $14,400 The company's sales are 30% cash and 70% credit. Its collection history indicates that credit sales are collected as follows 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected How much cash will be collected in January? In February? In March? For the quarter in total
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