A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in the month of the sale, and the remainder in the following month. What will be the balance in accounts receivable at the beginning of July?
A)$1,950
B)$6,500
C)$4,550
D)$3,500

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The Answer of A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in the month of the sale, and the remainder in the following month. What will be the balance in accounts receivable at the beginning of July?
A)$1,950
B)$6,500
C)$4,550
D)$3,500

A Firm Has Forecasted Sales of $4,500 in April, $3,000