Sheridan Industries expects credit sales for January, February, and March to be $202,400, $239,200, and...
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Accounting
Sheridan Industries expects credit sales for January, February, and March to be $202,400, $239,200, and $276,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.
Collections from Customers
Credit Sales
January
February
March
January
$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
March
enter a dollar amount
enter a dollar amount
enter a dollar amount
$enter a total amount
$enter a total amount
$enter a total amount
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