10.5 Budgeting in Non-Manufacturing Companies Waverly Accounting expects to have sales of $42,000 in August, $40,000 in September and $37,500 in October. At August 1st th was a balance of $8,250 in Accounts Receivable, all of which is expected to be received in August. Typically 50% of Waverly's customers pay their invoice in the month of the sale, as the terms of credit are that payment is due upon receipt of an invoice. 35% customers pay their invoice in the month following the sale and the remaining 15% pay in the next month. How much will Waverly report as Accounts Receivable at October 31s O $19,125 O $35,900 O $24,750 O $18,750