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Help Sa The LaPann Corporation has obtained the following sales forecast data: Jul August September October Cash sales 80,000 70,000 50,000 60,000 Credit sales $240,000

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Help Sa The LaPann Corporation has obtained the following sales forecast data: Jul August September October Cash sales 80,000 70,000 50,000 60,000 Credit sales $240,000 $220,000 $180,000 $200,000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale and the re in the second month following the month of sale. There are no bad debts ande The budgeted accounts receivable balance on September 30 would be: $166,000

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