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At what amount will accounts receivable be shown

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Reference no: EM131596883

Question - Razz Company is estimating the following sales:

July - $45,000

August - $50,000

September - $65,000

October - $80,000

November - $75,000

December - $60,000

Sales at Razz are normally collected as follows: 1D% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

A) $40,500

B) $76,500

C) $120,500

D) $135,500

Reference no: EM131596883

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