Lara Company Has Budgeted the Following Credit Sales During the Current

Lara Company has budgeted the following credit sales during the current year: September, $25,000; October, $36,000; November, $30,000; December, $32,000. Experience has shown that payment for the credit sales is received as follows: 20% in the month of sale, 60% in the first month after sale, and 20% in the second month after sale. What will be the balance in Accounts Receivable at the end of November?

A) $26,600
B) $31,200
C) $33,800
D) $39,600
E) $25,200