Use the Information Below to Answer the Following Questions $$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array}$$

question 18

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2018 are: $$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array}$$ Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. What will be the balance of accounts receivable on 1 March?

• A)$1,200,000.
• B)$1,040,000.
• C)$1,280,000.
• D)$864,000.

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