Calculation of accounts receivablethe pitney companys sales

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Calculation of accounts receivable.

The Pitney Company's sales are 40% cash and 60% credit. 50% of credit sales are collected in the month of sale, 30% in the month following the sale, and 20% is collected two months after. Budgeted sales data is as follows:

June	$120,000
July	$80,000
August	$100,000

Accounts receivable at the end of August are?

Reference no: EM13356208

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