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alex41 [277]
3 years ago
8

Lighthouse Company anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60%

of total sales. Of the credit sales, 20% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 10% are collected in the second month. Determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31.
Business
1 answer:
777dan777 [17]3 years ago
4 0

Answer:

$144,160

Explanation:

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