Please answer all three. Use the following information...
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Accounting
Please answer all three.
Use the following information to answer questions 1-3: LU\% or the credit sales are collected in the month of sale, 70% in the month after sale, and 10% in the second month after sale. What is the balance of accounts receivable on March 31 ? Multiple Choice $11,000 $12,000 $72,000 $83,000 Use the following information to answer questions 1-3: 20% of the credit sales are collected in the month of sale, 10% in we munur am. sale, and 10% in the second month after sale. What are the cash collections for March? Multiple Choice $132,000 $18,000 $120,000 $107,000 Hee the followina information to answer questions 1-3: 20% of the credit sales are collected in the month of sale, 70% in the month after sale, and 10% in the second month after sale. What is the balance of accounts recelvable on April 30 ? Multiple Choice $80,000 $89,000 $30.000 $189,000
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