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You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 100

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You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 100 hours in your first month and 300 hours in your second month of business. You charge your customers $15 per hour. Your anticipated costs include: You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your second month of business

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