Gold Corporation has the following sales budget for the last six months of :

Historically, the cash collection of sales has been as follows:

What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the third month after the sale?

Sales Budget Cash Collection of Sales 60 percent of sales is collected in the month of sale. 30 percent of sales is collected in the month following the sale. 8 percent of sales is collected in the second month following the sale. 2 percent of sales is uncollectible