Penn Distribution's sales budget for the second quarter is as follows: April $350,000 Mayo 450.000 June 380.000

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Penn Distribution's sales budget for the second quarter is as follows:

April	$350,000
Mayo	450.000
June	380.000

All sales are on account (credit) with 50 percent collected in the month of sale, 30 percent collected in the month after the sale, and 20 percent collected in the second month after the sale. There are no uncollectible accounts.

Determine the accounts receivable at the end of June

Related Book For answer-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: Apr 04, 2023 11:35 PM

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Penn Distribution's sales budget for the second quarter is as follows: April $350,000 Mayo 450.000 June 380.000

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Managerial Accounting

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