In: Accounting
Jan | Feb | March | |
Sales | $ 800,000 | $ 900,000 | $ 950,000 |
Cash sales | $ 200,000 | $ 225,000 | $ 237,500 |
Credit Sales | $ 600,000 | $ 675,000 | $ 712,500 |
Collection of credit sales | |||
Jan | Feb | March | |
Jan | $ 240,000 | $ 360,000 | |
Feb | $ 270,000 | $ 405,000 | |
March | $ 285,000 | ||
Total Sales collected | $ 240,000 | $ 630,000 | $ 690,000 |
amount of cash received from sales during the month of February ($225000+630000) | $ 855,000 |