Win Help 31% D . Thu 2:31 PM a Co to Help Save & ExitSubmit The LaGrange Corporation had the following budgeted sales for the first half of the current year January February March April May June Cash Credit Sales Sales $20,000 $120,000 $25,000 $140,000 $37,000 $100,000 $32,000 $117,000 $42,000 $170,000 $50,000 $110,000 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: 55% in month of sale 35% in month following sale 10% in second month following sale of the current year was $71.000, of which $54,000 represents uncollected The accounts receivable balance on January 1 December sales and $17,000 represents uncollected November sales Prev 6 of 50 ::: Next >