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What the account receivable balance that would appear

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Reference no: EM132521744

Black Horse Transportation's sales budget for the first quarter follows: January $125,000 February $300,000 March $290,000 All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts.

Question 1: What The account receivable balance that would appear on the balance sheet for March is:

A) $142,500

B) $205,000

C) $150,500

D) $105,000

Reference no: EM132521744

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