Solution-What amount will accounts receivable be shown

What amount will accounts receivable be shown

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Reference no: EM132771274

Heat Corporation has budgeted for the following sales:

July $447,600

August $582,600

September $616,300

October $891,300

November $743,000

December $703,000

Problem 1: Sales are collected as follows: 20% in the month of sale; 55% in the month following the sale; and the remaining 25% in the second month following the sale. In Heat's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

Reference no: EM132771274

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What amount will accounts receivable be shown

Reference no: EM132771274

Reference no: EM132771274

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