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On average, it takes 3 months before Wildhorse Corp. fully completes the collection cycle for its credit sales. All sales are made on account, with

On average, it takes 3 months before Wildhorse Corp. fully completes the collection cycle for its credit sales. All sales are made on account, with 20% of customers paying in the month of sale, 40% paying the month after sale, and 35% paying their balance 2 months after the sale; the remaining 5% is considered uncollectible. Given Wildhorse's budgeted sales for the 4 months leading up to quarter- end, as shown below, determine the companys collectible (or net) A/R balance on September 30.

Budgeted sales :

June $48,900

July $44,500

August $51,800

September $63,000

A/R balance on September 30 : $

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