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Skysong had the following transactions during March, 2025. 1. Skysong performed $13,000 of services for A1 Enterprises, terms 2/10,n30. 2. A1 Enterprises also signed a
Skysong had the following transactions during March, 2025. 1. Skysong performed $13,000 of services for A1 Enterprises, terms 2/10,n30. 2. A1 Enterprises also signed a contract for $5,800 of future services on the last day of the month. 3. Skysong lent $1,170 to its company president, who promised to repay the loan on the 15th day of the next month. 4. Skysong performed services for Ace Traders on 3/31. Ace Traders gavea $2,300 promissory note to Skysong, agreeing to pay in 3 months. 5. Other current assets totaled $55,000. Skysong received no cash arising from the above transactions during March. Based only on the above transactions, and ignoring beginning balances, compute the accounts receivable as a percentage of the total current assets as of month-end. (Round answer to 0 decimal places, e.g. 25%. Accounts Receivable 8
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