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Author Question: Atwood Lake Boats has budgeted sales for June and July at $420,000 and $480,000, respectively. Sales ... (Read 103 times)

fagboi

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Atwood Lake Boats has budgeted sales for June and July at $420,000 and $480,000, respectively. Sales are 80% credit, of which 40% is collected in the month of sale and 60% is collected in the following month. What is the accounts receivable balance on July 31?
◦ $288,000
◦ $384,000
◦ $201,600
◦ $230,400


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Marked as best answer by fagboi on Jan 5, 2020

C.mcnichol98

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fagboi

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Reply 2 on: Jan 5, 2020
:D TYSM


sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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