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ABC company has budgeted the following sales. January Sales (on Income statement) $100,000 ut of...

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Accounting

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ABC company has budgeted the following sales. January Sales (on Income statement) $100,000 ut of February $200,000 Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of sale and 50% in the month following the sale A/R at Dec 31 - $85,000 What were the December credit sales? Select one: $170,000 $85,000 x not enough information is given $0 ABC company has budgeted the following sales. February ut of January $100,000 Sales (on Income statement) $200,000 Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of sale and 50% in the month following the sale A/R at Dec 31 - $85,000 What were the December credit sales? Select one: $170,000 $85,000 x not enough information is given $0

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