The Wake-Up Coffee Company has projected the following quarterly sales amounts for the coming year: 
Accounts receivable at the beginning of the year are $200.Wake-Up has a 60-day collection period.What is the amount of the accounts receivable balance at the end of Quarter 3?
A) $375
B) $450
C) $500
D) $600
E) $700
Correct Answer:
Verified
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