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What the budgeted accounts receivable balance on May

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Reference no: EM132895090

Problem - Jelson Company expects the following total sales:

Month Sales

March $30,000

April $20000

May $30000

June $250000

The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. What the budgeted accounts receivable balance on May 31?

Reference no: EM132895090

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