The pitney company sales are 40% cash and 60% credit. 50% of credit sales are collected in the month of the sale, 30% in the month following the sale, and 20% collected 2 months after.

Budgeted sales data is as follows

June $120,000

July $80,000

August $100,000

Accounts receivable at end of august was

66000?

58800?

39600?

I believe it was the last option but not sure