A typical major requirement for a business major would be a course in: A.physics. B.music theory. C.economics. D.physical educat
1 answer:
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Answer:
$30,600
Explanation:
Accounts receivable should comprise the total amount of cash from sales during the quarter and the amount of credit sales collected during the quarter in question, so the 20% to be collected in the following quarter shouldn't be represented in this budgeted sheet. Assuming that cash and credit payments represent the totality of net sales, accounts receivable for the quarter can be represented as follows:
Jericho would report $30,600 on the budgeted balance sheet.