Question: July $ 2 0 0 , 0 0 0 October $ 1 8 0 , 0 0 0 August 1 6 0 , 0 0
July
$
October
$
August
November
September
December
Historically, the cash collection of sales has been as follows:
percent of sales collected in month of sale,
percent of sales collected in month following sale,
percent of sales collected in second month following sale, and
percent of sales is uncollectable.
What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the third month after the sale?
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