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A Company reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:
March April May June July
Budgeted sales $300000. $289600. $320100. $280200. $210100
Budgeted purchases. $144700. 120200. $128900. $132400. $89100
Question 1: How much is company's May 31, 2020 budgeted Accounts Receivable?
Option 1: $320100
Option 2: $112035
Option 3: $208065
Option 4: $309425
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