Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $19,000 $11,000 April $40,000 $11,000 May $43,000 $35,000 June $59,000 $50,000 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?
A. $101,050
B. $42,050
C. $19,820
D. $109,000
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