Hello I need help solving this quick problem. Thanks

Using the same information from the previous problem, what is the budgeted accounts receivable balance on April 30?

Answer value

Richards Corporation has the following budgeted sales for the rst half of next year: lCash Sales Credit Sales January $55,000 $120,000 February $30,000 $150,000 March $40,000 $160,000 April $40,000 $130,000 $60,000 $140,000 June $50,000 $ 120,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 60% in the month of sale 40% in the month following the sale The accounts receivable balance on January 1 is $73,000. The total cash collected during Januarywould be Type your