Business, 05.05.2020 04:11 T0othless3clipes

70. Compton Company expects the following total sales: Month Sales March $ 28,000 April $ 18,000 May $ 26,000 June $ 23,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is:

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