7) The Gardner Company expects sales for October of $240 000 Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month follo ng sale Budgeted Accounts Receivable on September 30 is $63,000 what is the amount of Accounted Receivables on the October 31 budgeted balance sheet? Multiple Choice $108,000. S120,000 $63,000. $66,000 $132 000