questions #23

capital cost of 23. Besley Inc., manufactures and sells wallboard for use in construction of modular homes. It sells on net 30 terms to contractors. Following are the last 6 months' sales and the A/R balances at the end of June, the present (report) month. Calculate the uncollected balance percentages for this company. Accounts Receivable Schedule; June 30 Month Credit Sales Uncollected Amount January $ 75,000 $ 5,000 February 50,000 5,000 March 100,000 6,000 April 40,000 6,000 May 45,000 8,000 June 50,000 12,000 June 30 A/R balance $42.000 assume all months have 30 days 100 SOS