The following sales budget has been prepared: $\begin{array}{lll}
\text { Month } & \text { Cash Sales } & \text { Credit S ales } \
\text { September } & \$ 100,000 & \$ 200,000 \
\text { October } & 125,000 & 180,000 \
\text { November } & 130,000 & 210,000 \
\text { December } & 135,000 & 190,000
\end{array}$ Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated. is the expected balance of Accounts Receivable as of December 31.

Question

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The Answer is B

The Following Sales Budget Has Been Prepared Collections Are 50% in the Month of Sale, 40% in }