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Nour Corporation has budgeted for the following sales: July $ 447,400 August $ 582,400 September $ 616,200 October $ 891,200 November $ 742,000 December $
Nour Corporation has budgeted for the following sales: July $ 447,400 August $ 582,400 September $ 616,200 October $ 891,200 November $ 742,000 December $ 702,000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. Required: Calculate the amounts of accounts receivable In Nour's budgeted balance sheet at December 31.
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