What are the total cash collections for february

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Reference no: EM131810597

Given the following information:

	January	February
Cash Sales	10,000	6,000
Credit Sales	15,000	10,000
Total Sales	25,000	16,000

Credit sales are collected 5% in the month of sale and 95% in the month following sale.

What are the total cash collections for February? Please show all your calculations.

Reference no: EM131810597

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