Trumbull Corporation budgeted sales on account of $110,000 for July, $213,000 for August, and $207,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: Multiple Choice O $167,400 $145,560 $195,480 $192,360

Trumbull Corporation budgeted sales on account of $110,000 for July, $213,000 for August, and $207,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: Multiple Choice $167,400 $145,560 $195,480 5+92.360