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ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20%...

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Accounting

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ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit. Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: $100,000 x none of the answers is correct $15,000 0 $95,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $85,000 What are the cash collections for January

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