Question: Please answer problem #5, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The following credit sales are budgeted by Blossom Company: January $ 171,000

Please answer problem #5, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

The following credit sales are budgeted by Blossom Company: January $ 171,000 February 150,000 March 171,000 April 191,000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale and 30% in the mont following the sale. Determine cash receipts for February and March. February cash receipts $ March cash receipts S

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