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During June, ABC Company had sales of $270,000. Sales are expected to increase 20% each month. 40% of total sales are expected to be on

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During June, ABC Company had sales of $270,000. Sales are expected to increase 20% each month. 40% of total sales are expected to be on account. ABC Company normally collects 100% of accounts receivable in the month following the month of sale. Determine the amount of sales revenue ABC Company will report on the proforma Income Statement for the quarter July - September. $1.179,360 5707,616 $186,624 $466,560

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