A company has budgeted sale units are as follows: July$20,000 August$24,000 September $30,000

One-half of sales are cash sales and one-half of sales are credit sales. The company collects cash from credit sales over two months (30% in the month of sale, and 70% in the month following sale). During September, the companys expected cash collections from sales are how much? $___________

Use the same information given in the above question. At the end of September, the companys Accounts receivable will have a balance of what amount? $_____________