Managerial Accounting: The following sales budget has been prepared

Managerial
Accounting: The following sales budget has been prepared

Managerial Accounting: The following sales budget has been
prepared:

Month\Cash Sales\Credit Sales

September\$100,000\$200,000

October\125,000\180,000

November\130,000\210,000

December\135,000\190,000

Collections are 50% in the month of sale, 40% in the month
following the sale, and 10% two months following the sale. No uncollectible
accounts are anticipated. ________ is the expected balance of Accounts Receivable
as of December 31.