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What is the ending balance of accounts receivable for end

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Reference no: EM133063772

Question - Freemore Company has the following sales budget for the last six months of 2020.

July $207,000

August 169,000

September 205,000

October 188,000

November 206,000

December 185,000

Sales are immediately? due, however the cash collection of? sales, historically, has been as? follows:

65?% of sales collected in the month of? sale,

25?% of sales collected in the month following the? sale,

8?% of sales collected in the second month following the? sale, and

2?% of sales are uncollectible.

What is the ending balance of accounts receivable for the end of? September, assuming uncollectible balances are written off at the end of the second month following the? sale?

Reference no: EM133063772

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