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Find what amount of accounts receivable would company report

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Reference no: EM132764537

Problem 1: Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $59,000 and $72,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale and the remaining 70% in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month?

Reference no: EM132764537

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