Balance in accounts receivable at the beginning


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

A) $1,950

B) $6,500

C) $4,550

D) $5,100

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Accounting Basics: Balance in accounts receivable at the beginning
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