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Compton Company expects the following total sales: Month March April May June Sales $20,000 $10,000 $34,000 $15,000 The company expects 70% of its sales to

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Compton Company expects the following total sales: Month March April May June Sales $20,000 $10,000 $34,000 $15,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% In the month of sale, 75% In the month following the sale. The budgeted accounts recevable balance on May 31 IS: Multiple Choice O $16.450. $17.850. 0 0 $13.950 0 a $25.500

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