Midwest Candles has estimated quarterly sales for next year, starting with Quarter 1, of $50,020, $54,619, $105.403,

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Question:

Midwest Candles has estimated quarterly sales for next year, starting with Quarter 1, of $50,020, $54,619, $105.403, and $46,510.The accounts receivable period is 15 days. What is the expected accounts receivable balance at the end of the second quarter? Assume each month has 30 days.