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Barlin Company collects its revenue from sales according to the following pattern: $ Cash sales (% of Total Sales paid for in cash) 10% Credit

Barlin Company collects its revenue from sales according to the following pattern:

$
Cash sales (% of Total Sales paid for in cash)

10%

Credit sales (% of Total Sales on credit):

90%
% of credit sales collected during the month of sale 30%
% of credit sales collected during the month following the month of sale 50%
% of credit sales collected during the second month following the month of sale 15%

If Sales Revenue was budgeted to be $30,000 in July, $50,000 in August and $40,000 in September, calculate the Accounts Receivable balance at the end of the third quarter.

Do not use dollar signs or commas in your answer.

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