The accounts receivable for Pastors Brewing Company on March 31, 2016 was $22,500. Firm sales are roughly evenly split between credit and cash sales, with 40 percent of the credit sales collected in the month after the sale and the remainder 2 months after the sale. Historical and projected sales for the brewing company are given here:

a. Under these circumstances, what should the balance in accounts receivable be at the end of April?

b. How much cash did Pastors' realize during April from sales and collections?

- X Data table MONTH SALES MONTH SALES January $20,000 March $30,000 February $25,000 April (projected) $34,000 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done