Calista Gardens has gathered the following information regarding their cash collections of sales:

80% of the sales are collected in cash in the month of the sale.

20% are collected in the first month after the sale.

Accounts receivable at the end of 2018 was $10,000

Sales for the first 3 months of 2019 are as follows:

January	35,000
February	25,000
March	50,000
Total	110,000

Make a monthly schedule of cash collections for Calista Gardens for January, February and March for the first quarter of 2019.

Answer rating: 100% (QA)

To create a monthly schedule of cash collections for Calista Gardens for the first quarter of 2019 w... View the full answer