Atlanta Company Expects a Total of $20,000 Sales in June

Multiple Choice

Atlanta Company expects a total of $20,000 sales in June.Of these, credit sales are expected to be $12,000.Collections are 50% in the month of sale, 40% in the month following the sale, and 5% two months following the sale.The remaining 5% is expected to be uncollectible._____ is the estimated cash collection in June from June sales.

A) $14,000
B) $20,000
C) $17,200
D) $9,200