Solution-At what amount will accounts receivable be shown

At what amount will accounts receivable be shown

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Reference no: EM132075939

Question - Razz Company is estimating the following sales: July $45,000, August $50,000, September $65,000, October $80,000 November $75,000, and December $60,000. Sales at Razz are normally collected as follows: 10% 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 budgeting balance sheet at November 30, at what amount will accounts receivable be shown? (HINT: some of October sales were collected in October and some October sales were collected in November. What is left uncollected? Use the same logic for November sales. AR is the amount still uncollected at November 30.

Reference no: EM132075939

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At what amount will accounts receivable be shown

Reference no: EM132075939

Reference no: EM132075939

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