A firm has forecasted sales of 4500 in april 3000 in may, Ask an Expert

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A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in the month of the sale, and the remainder in the following month. What will be the balance in accounts receivable at the beginning of July?

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