Freemore Company has the following sales budget for the last six months of 2018:

Sales are immediately due,however the cash collection of sales,historically,has been as follows:

What is the ending balance of accounts receivable for the end of September,assuming uncollectible balances are written off at the end of the second month following the sale?

Question

Freemore Company has the following sales budget for the last six months of 2018:

Sales are immediately due,however the cash collection of sales,historically,has been as follows:

What is the ending balance of accounts receivable for the end of September,assuming uncollectible balances are written off at the end of the second month following the sale?

Quizplus · Accepted Answer

September ($205,000 × 0.45)+ August ($170,000 × 0.1)=$109,250

Freemore Company Has the Following Sales Budget for the Last