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Gourmet Cookware makes all sales on credit with 60% of the payment being received in the month of sale, 30% in the month following sale

Gourmet Cookware makes all sales on credit with 60% of the payment being received in the month of sale, 30% in the month following sale and the remaining 10% in the subsequent month. Budgeted sales are as follows: 

January RM100,000, 

February RM140,000, 

March RM120,000. 

The budgeted balance of debtors at 31 March is:

 
RM120,000.
 
RM48,000.
 
RM74,000.
 
RM62,000.


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