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The Boat Works started the month with $3.36 million in accounts receivable. Sales for the month were $7.99 million. The firm collects 18% of its

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The Boat Works started the month with $3.36 million in accounts receivable. Sales for the month were $7.99 million. The firm collects 18% of its sales in the month of sale with the remainder paid the following month. What is the accounts receivable balance at month end? Multiple Choice $4,659,750 $6,551,800 $9,334,000 $1,303,200

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