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

Accounting

Problem:

A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month.

Required:

Question: What will be balance in accounts receivable at the beginning of July?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168587

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