If the actual December 31^st A/R balance was $12,000; projected sales in March are $50,000; 70% of sales are on credit; 60% of credit sales are collected in the month of sale and 40% are collected in the month after the sale,what is the projected A/R balance on the pro forma balance sheet for the end of March?

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The Answer of If the actual December 31^st A/R balance was $12,000; projected sales in March are $50,000; 70% of sales are on credit; 60% of credit sales are collected in the month of sale and 40% are collected in the month after the sale,what is the projected A/R balance on the pro forma balance sheet for the end of March?

If the Actual December 31st A/R Balance Was $12,000; Projected

If the Actual December 31^st A/R Balance Was $12,000; Projected