Question: Answer the following questions (#21 and #22) using the information below: Monetary Company has the following sales budget for the last six months of 2014:

Answer the following questions (#21 and #22) using the information below: Monetary Company has the following sales budget for the last six months of 2014: July $200,000 October $180,000 August 160,000 November 200,000 September 220,000 December 188,000 Historically, the cash collection of sales has been as follows: 65% of sales collected in the month of sale, 25% of sales collected in the month following the sale, 8% of sales collected in the second month following the sale, and 2% of sales are uncollectible. Cash collections for September are: O A. $204,000 O B. $173,400 C. $199,000 D. $143,000 Anave the following questions (21 and 22 using the information below Matary Company bas the following sales budget for the last six mooth or 2014 July $200.000 October $180,000 August 100,000 November 200,000 September 220,000 December 188.000 Historically, the cash collection of sales tas been as follows: 634 of sales collected in the month of sale. 254 of sales collected in the month following the sale 834 of sales collected in the second month following the sale, and 24 of sales are collectible. What is the ending balance of accounts recelvable for September assuming uncollectible balances are written off during the second month following the sale? DA 593000 8.5199,000 $97.000 D. BR300
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