Delphinia's has the following estimated quarterly sales for next year. The accounts receivable period is 30 days.

Question:

Delphinia's has the following estimated quarterly sales for next year. The accounts receivable period is 30 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days, Sales Q1- 1,800 Q2-1700 Q3-2100 Q4-1900

a. $567

b. $600

c. $821

d. $1,134

e. $1,200

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...