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Hampton Company expects the following total sales Sales $ 36,000 Month March April $ 26,000 $ 20,000 $31,000 May June The company expects 60%

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Hampton Company expects the following total sales Sales $ 36,000 Month March April $ 26,000 $ 20,000 $31,000 May June The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% In the month of sale, 70% in the month following budgeted accounts receivable balance on May 31 is Multiple Choice $27370 $8,400. $15,000 $9300

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