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What the total cash collected

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Problem - As of January 1 of the current year, Grackle Company had accounts receivable of $50,000. The sales for January, February, and March were $120,000, $140,000, and $150,000, respectively. Of each month's sales, 20% are for cash. Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with the remaining 40% collected in the following month. What the total cash collected (both from accounts receivable and cash sales) in the month of February?

a. $129,600

b. $91,200

c. $133,600

d. $62,400

Reference no: EM132886142

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