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Submit Gardner Company expects sales for October of $ 2 4 9 , 0 0 0 . Experience suggests that 4 5 % of sales

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Gardner Company expects sales for October of $249,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,500. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet?
Multiple Choice
$112,050.
$124,500.
$67,500.
$68,475.
$136,950.
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