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How much is total accounts receivable at the end of august

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Reference no: EM132528734

Green Company's sales are 20% cash and 80% credit. Of the credit sales, 60% are  collected in the month of sale and 30% in the month following the sale. The balance is collected during the following month. Budgeted sales data is as follows:

June          $300,000
July           $250,000
August       $280,000
September     $310,000

Question 1: How much is total Accounts Receivable at the end of August?

Option 1: $224,400

Option 2: $137,000

Option 3: $109,600

Option 4: $89,600

Reference no: EM132528734

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