Feeney Furniture prepared the following sales budget: Month March April May June Cash Sales Credit Sales $11,000 0 $11,000 0 37,000 $51,000 $17,000 $39,00 $45,000 $60,000 Credit collections are 5% two months following the sale, 30% in the month following the sale, and 62% in the month of sale. The remaining 3% is expected to be uncollectible What are the total cash collections in June at Feeney Furniture? OA. $111,000 B. $103.270 OC. $20.470 O D. $43,270
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