S&S Sporting Goods has expected sales of $970, $910, $840, and $920 for the months of January through April, respectively. The accounts receivable period is 33 days. What is the accounts receivable balance at the end of February? Assume each month has 30 days.

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Quizplus · Accepted Answer

The accounts receivable balance at the end of February is $1,007. This is calculated by taking the expected sales for January and February ($970 + $910 = $1,880) and multiplying it by the accounts receivable period (33 days). This gives us $1,007 ($1,880 x 33 / 30).

S&S Sporting Goods Has Expected Sales of $970, $910, $840