TB MC Qu$.20-125($Algo$)$ Gardner Company expects...

Gardner Company expects sales for October of $$241,000.$ Experience suggests that $45\%$ of sales are for cash and $55\%$ are on credit. The company collects $50\%$ of its credit sales in the month of sale and $50\%$ in the month following sale. Budgeted Accounts Receivable on September $30$ is $$63,500.$ What is the amount of Accounts Receivable on the October $31$ budgeted balance sheet?

Multiple Choice

$$108,450$

$$120,500$

$$63,500.$

$$66,275$

$$132,550.$