26 00:53:12 Ask Gardner Company expects sales for October of $253,000. Experience suggests that 40% of sales are for cas

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26 00 53 12 Ask Gardner Company Expects Sales For October Of 253 000 Experience Suggests That 40 Of Sales Are For Cas 1 (44.55 KiB) Viewed 10 times

26 00:53:12 Ask Gardner Company expects sales for October of $253,000. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $69,500. What is the amount of Accounts Receivable on the October 31 budgeted balance sheet? Multiple Choice O O O O O $101,200. $126,500. $69,500. $75,900 $151,800.