QUESTION $7$

You plan on starting a lawn mowing business by investing $$700$ of your own money and purchasing $$500$ of equipment. You plan to work $290$ hours in your first month and $80$ hours in your second month of business. You charge your customers $$23$ per hour. Your anticipated costs include:

$\backslash$table$[[$Advertising$,$$$3$ per month$],[$Gas$,$$$1\mathrm{.}30$ per hour$],[$Depreciation$,$$$25$ per month$],[$Assistant$\text{'}$s Wages,$$8\mathrm{.}00$ per hour$],[$Miscellaneous Expenses,$$30$ per month$]]$

You plan on collecting $90\%$ of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your first month of business.