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Shown below are the budgeted sales for Tg4-Jic Company for the next six months: January February March April May June Budgeted Sales $ 76,450 $
Shown below are the budgeted sales for Tg4-Jic Company for the next six months: January February March April May June Budgeted Sales $ 76,450 $ 91,280 $122,650 $ 88,740 $146,920 $157,360 All sales are made on account. On average, Tg4-Jlc Company collects 25% of its sales in the month of sale, 30% is collected in the month following sale, 20% is collected in the second month following sale, 15% is collected in the third month following sale, and the remaining 10% is collected four months after the month of sale. Calculate Tg4-J1c Company's budgeted accounts receivable at June 30
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