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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