Question: CHAPTER 22-Practice Test B Cash Collections The sales are as follows: September $100,000 October $200,000 November $250,000 December $300,000 Sales are 25% cash and 75%

CHAPTER 22-Practice Test B Cash Collections The sales are as follows: September $100,000 October $200,000 November $250,000 December $300,000 Sales are 25% cash and 75% credit. Credit sales collected as follows: 20% in the month of sale 30% in the month after sale 50% in the second month after sale What were cash receipts from customers in December

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