Check my work Compton Company expects the following total sales: Month Sales March $22,000 April $12,000 May $32,000 June $17,000 The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice $15,400.