Chapters 8.9.& 10 Help Save Exit The LaGrange Corporation had the following budgeted sales for the first half of the current year B January February March April May June Cash Credit Sales Sales $60,000 $160,000 565,000 $180,000 $28,000 $140,000 $23,000 $100,000 $33,000 $210,000 $90,000 $ 20,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled Collections on sales 50% in month of sale 40% in month following sale 10% in second month following sele The accounts receivable balance on Januaryt of the current year was $65.000, of which $48.000 represents uncollected December sales and 517000 represents uncollected November sales The total cash collected during January by La Grange Corporation would be 11 Me Sam: Chapters 8,9 & 10 Stred Help Save & The accounts receivable balance on January 1 of the current year was $65,000, of which $48,000 represents uncollected December sales and 517.000 represents uncollected November sales. 13 The total cash collected during January by LaGrange Corporation would be 007 happed Multiple Choice $195,400 O 596,000 O $200,000 OS212.000 Prey 1150 Next >