1. What is the expected balance of Accounts Receivable at November 30?

Company D has the following sales budget: Month September October November December Cash Sales $ 100,000 $ 125,000 $ 207,000 $ 67,000 Credit Sales $ 200,000 $ 190,000 $ 199,000 $ 144,000 Collection of credit sales are 70% in the month of sale, 20% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected