The La Pann Company has obtained the following sales forecast data: Cash Sales Credit Sales July $80,000 240,000 August $70,000 220,000 September $50,000 180.000 October $60,000 200.000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. What is the budgeted accounts receivable balance on September 30? Multiple Choice $148.000 O O $166,000 O $190,000 O 0 $125,000 O Required Information The LaPann Company has obtained the following sales forecast data: July $80,000 240,000 August $70,000 220,000 September $50,000 180.000 October $60.000 200.000 Credit Bares The regular pattern of collection of credit sales is 20% in the month of sale, 70% In the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. What are the budgeted cash receipts for October? Mutiple Choice O $226,000 O $278,000 o $248,000 Ull Sales is 20% in the month of sale, 70% In the month following the month of sale, ander in the second month following the month of sale. There are no bad debts. What are the budgeted cash receipts for October? Multiple Choice $226,000. $248,000, SBB000