Ann sell sports kit10% of sales are cash transaction and theremainder is on an month's credit. Ann gets one month's credit on all purchase made.
........................... ...Sales..........Purchase
December 2001.......$30,000.........$16,000
Janusry 2002...........$25,000.........$14,000
February 2002........$18,000..........$20,000
How much cash was collected on january 2002
How much was paid to suppliers in the month of February2002
How much cash was collected from credit sales on February2002