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The Following Sales Budget Has Been Prepared: Collections of Credit

Question 143

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The following sales budget has been prepared: The following sales budget has been prepared: Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What is the expected balance in Accounts Receivable at December 31? A) $95,000 B) $116,000 C) $190,000 D) $210,000 Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What is the expected balance in Accounts Receivable at December 31?


A) $95,000
B) $116,000
C) $190,000
D) $210,000

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