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QUESTION

MonthSales $MonthSales $Jan 35,219July 26,392Feb 32,087Aug 26,395Mar 26,395Sep 35,219Apr 26,392Oct 26,395May 35,219Nov 32,087June 32,087 Dec 26

MonthSales $MonthSales $Jan       35,219July     26,392Feb       32,087Aug     26,395Mar      26,395Sep     35,219Apr     26,392Oct     26,395May      35,219Nov32,087June     32,087

Dec     26,392

Sales are collected as follows:

In the month of Sales: 43%

In the next month: 32%

After 2 months: 6%

Remainder is considered as bad debt and is not collected.

Calculate the cash collection for June.

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