Question

w Tab G Google ) a look at a awesom Soda Fountain Mac.., My Inbox Helper / MSN | Outlook, Offil y Suggested Sites Week 5: Quiz i Saved Assume a merchandising company provides the following information from its master budget for the month of May Sales $ 119,060 Cost of goods sold $ 84,000 Selling and administrative expenses $ 18,000 4 points Accounts receivable, May 1st $ 16,000 Accounts receivable, May 31st $ 26,000 X 03.11:39 If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May? Multiple Choice O $103,000 O $113,000 $109,000 O $119,000