Solved: If sales for april may and june were 60000 80000 and 70000, Accounting Basics

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If sales for april may and june were 60000 80000 and 70000

Question - Qu. Co makes all sales on account, subject to the following collection:30% are collected in the month of sale; 60% are collected in the first month after sale, and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?

A. $21,000

B. $60,000

C. $69,000

D. 75,000

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Accounting Basics: If sales for april may and june were 60000 80000 and 70000

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