ABC,Inc Has a Beginning Receivables Balance on January 1^st of $430

Multiple Choice

ABC,Inc. has a beginning receivables balance on January 1^st of $430. Sales for January through April are $240,$250,$330 and $350,respectively. The accounts receivable period is 60 days. How much did the firm collect in the month of March? Assume that a year has 360 days.

A) $240
B) $250
C) $330
D) $350
E) $430