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Compton Company expects the following total sales: Month March April May June Sales $21,000 $11,000 $33,000 $16,000 The company expects 60% of its sales to

Compton Company expects the following total sales: Month March April May June Sales $21,000 $11,000 $33,000 $16,000 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 $15,925. $13,860 (

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