Answer the following questions using the information below:
Monetary Company has the following sales budget for the last six months of 2011:
Historically, the cash collection of sales has been as follows:

-What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale?
A)$199,000
B)$97,000
C)$89,800
D)$93,000

Question

Answer the following questions using the information below:
Monetary Company has the following sales budget for the last six months of 2011:
  Historically, the cash collection of sales has been as follows:
 
-What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale?
A)$199,000 
B)$97,000 
C)$89,800 
D)$93,000

Quizplus · Accepted Answer

The Answer of Answer the following questions using the information below:
Monetary Company has the following sales budget for the last six months of 2011:
  Historically, the cash collection of sales has been as follows:
 
-What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale?
A)$199,000 
B)$97,000 
C)$89,800 
D)$93,000

Answer the Following Questions Using the Information Below