Wesley Company reported the following information for 2010:
$\bullet$All sales are on credit.
$\bullet$Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2010 budgeted Accounts Receivable?
A) $300,000
B) $180,000
C) $155,000
D) $145,000

Question

Wesley Company reported the following information for 2010:  
$\bullet$All sales are on credit.
$\bullet$Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2010 budgeted Accounts Receivable?
A) $300,000 
B) $180,000 
C) $155,000 
D) $145,000

Quizplus · Accepted Answer

The Answer of Wesley Company reported the following information for 2010:  
$\bullet$All sales are on credit.
$\bullet$Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much is the November 30, 2010 budgeted Accounts Receivable?
A) $300,000 
B) $180,000 
C) $155,000 
D) $145,000

Wesley Company Reported the Following Information for 2010 ∙\bullet∙ All Sales Are on Credit

Wesley Company Reported the Following Information for 2010 $\bullet$ All Sales Are on Credit