Answer the Following Questions Using the Information Below:
Footscray Company

question 44

Multiple Choice

Answer the following questions using the information below:
Footscray Company has the following sales budget for the last six months of 2018:
$$\begin{array} { l r l r } \text { July } & \$ 100000 & \text { October } & \$ 90000 \\\text { August } & 80000 & \text { November } & 100000 \\\text { September } & 110000 & \text { December } & 94000\end{array}$$ Historically,the cash collection of sales has been as follows:
65% of sales collected in the month of sale
25% of sales collected in the month following the sale
8% of sales collected in the second month following the sale
2% of sales are uncollectible
-What is the ending balance of accounts receivable for September,assuming uncollectible balances are written off during the second month following the sale?

• A)$48 500
• B)$44 900
• C)$99 500
• D)$46 500

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