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Fitbands' estimated sales are: October $131,698 November $195,770 December $249,040 January $124,254 February $124,290 March $ 124,388 What are the balances in accounts receivable for
Fitbands' estimated sales are: October $131,698 November $195,770 December $249,040 January $124,254 February $124,290 March $ 124,388 What are the balances in accounts receivable for January, February, and March if 70% of sales is collected in the month of sale, 25% is collected the month after the sale, and 596 is second month after the sale? Round to the nearest whole dollar. Collections Sales Jan Feb Mar Nov $ Dec Van Feb Mar Cash Collected Accounts Receivable Balance Beginning Balance Sales Collections Ending Balance January February March
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