please dont provide answer in an image format thank you KEmerald Service anticipates the following sales revenue over a five-month period:EEE (Click the icon to view the sales data)The company's sales are 20% cash and 80% creditComplete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar)Emerald ServiceCash Collections BudgetFor the Months of January through MarchJanuaryFebruaryCash salesCollection of credit sales20% Month of sale40% Month after25% Two months afterTotal cash collectionsData tableSales revenuesS3,060Print2,4643,2003,22011,9642560November December January February16,100 $10,000 $ 15.400 $ 13,000 $Done20484,9282,00011536MarchIts collection history indicates that credit sales are collected as follows:(Click the icon to view the collections data.)How much cash will be collected in January? In February? in March? For the quarterin total?14,400More info20% in the month of the sale40% in the month after the sale25% two months after the sale15% are never collectedPrintDoneClear allCheck answer

Given, Part of cash sales by company = 20% of sales Credit sales Collection data : 20% is collected…

Emerald Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data) How much cash will be collected in January? in February? in March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January February March and for the quarter in total (Round your answers to the nearest whole dollar)

Emerald Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data) How much cash will be collected in January? in February? in March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January February March and for the quarter in total (Round your answers to the nearest whole dollar)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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