A firm has forecasted sales of $3,000 in April, $4,500 in May, and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be the balance in accounts receivable at the end of June?

Question 5 options:

1)	$1,950
2)	$6,500
3)	$4,550
4)	$5,100