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What will be the balance in accounts receivable

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Question - Lara Company has budgeted the following credit sales during the current year: September, $25,000; October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment for credit sales is received as follows: 20% in the month of sale, 60% in the first month after sale, and 20% in the second month after sale. What will be the balance in Accounts Receivable at the end of November assuming the payment patterns?

A. 26,600

B. 31,200

C. 33,800

D. 39,600

E. 25,200

Reference no: EM132056881

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