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:
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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.