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Memphis Company anticipates total sales for Apr May, and June 1860,000, 5960.000 and $1010 000 respectively. Cash sales are normally 30% of total sales of

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Memphis Company anticipates total sales for Apr May, and June 1860,000, 5960.000 and $1010 000 respectively. Cash sales are normally 30% of total sales of the credit sales 30% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining are collected in the second month Compute the amount of accounts receivable reported on the company's budgeted balance sheet for June 30. Multiple Choice S02.000 5850 800 404 900 $200. $18300

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