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Freemore Company has the following sales budget for the last six months of 2018: July $204,000 October August 170,000 000'08IS November 000'10z 000'08L September 205,000
Freemore Company has the following sales budget for the last six months of 2018: July $204,000 October August 170,000 000'08IS November 000'10z 000'08L September 205,000 December Sales are immediately due, however the cash collection of sales, historically, has been as SMO||O 55% of sales collected in the month of sale, 35% of sales collected in the month following the sale, 7% of sales collected in the second month foilowing the sale, and 3% of sales are uncollectible. What is the ending balance of accounts receivable for the end of September, assuming uncollectible balances are written off at the end of the second month folowing the sale?
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