Basics of balance in accounts receivable

Assignment Help Accounting Basics

Reference no: EM13156496

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

Reference no: EM13156496

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