Im looking for help to solve for beginning accounts receivable on the schedule of cash collections of quarter 3 from general master budget information of quarter 2. (Only quarters used are 2nd + 3rd).

Assets

Current Assets Cash 100,000

Accounts Receivable 80,000 Raw Materials. 5,0000 Finished Goods Inventory 24,000

Total Current Assets Plant and Equipment

Land. 80,000 Buildings and equipment 700,000

accumulated depreciation (200,000)

Plant and Equipment, net 580,000

Total Assets. 789,000

Liabilities and Stockholders' Equity.

Current Liabilities

Accounts Payable. 27,000

Bank Credit. 0 Total Current Liabilities 27,000

Stockholders' Equity

Common Stock 175,000

Retained Earnings. 587,000

Total Stockholders' Equity 762,000

Total Liabilities and Stockholders' Equity 789,000

All outstanding accounts receivable will be collected on the first month of the next quarter.

question 2 = does the percentage of monthly sales deferred end up going into the next months sales. (ex. 20% or June sales will be collected the next month and 20% on the third moth. which is a new quarter)