Question: Solve using given information BL Company started business on September 1. BL had credit sales of $200,000 in September and $300,000 in October. The pattern

Solve using given information

Solve using given information BL Company started business on September 1. BL

BL Company started business on September 1. BL had credit sales of $200,000 in September and $300,000 in October. The pattern of collection of cash from customers is expected to be 40% in the month of the sale, 50% in the month following the sale, and 7% in the second month following the sale, with 3% uncollectable. How much cash did BLreceive from customers on account during October? O $120,000 $200,000 O $164,000 $220,000

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