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Baltimore Products is preparing a Scheduled of Cash Collections for its Master Budget. The sales levels are as follows: June sales were $50,000. July sales

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Baltimore Products is preparing a Scheduled of Cash Collections for its Master Budget. The sales levels are as follows: June sales were $50,000. July sales are expected to be $40,000. August sales are expected to be $70,000. September sales are expected to be $100,000, 40% of a month's sales are collected in the month of the sale60% is collected in the month following the sale. What would be the amount of Accounts Receivable at the end of the quarter September 2012 $40,000 $100,000 560.000 570.000

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