The accounts receivable balance that would appear in the March 31 budgeted balance sheet would be:

Question

Quizplus · Accepted Answer

The accounts receivable balance that would appear in the March 31 budgeted balance sheet is $8,800. This is because the beginning accounts receivable balance is $12,400, and the budgeted sales for March are $16,000. The budgeted collections for March are $15,000, so the ending accounts receivable balance is $12,400 - $15,000 + $16,000 = $8,800.

The Accounts Receivable Balance That Would Appear in the March