What is the amount of the May collections on these general accounting question? Green Sprouts has a beginning receivables balance on March1 of $1,200. Sales for March through June are $600, $750,$900, and $1,200, respectively. The accounts receivable periodis 30 days. What is the amount of the May collections? Assumea year has 360 days.a. $600b. $750c. $900d. $1,200e. $830

The year has 360 days. 360 days / 30 days accounts receivable period = 12 months. This means that…

Answered: Green Sprouts has a beginning…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May are $625, $698, $975, and $1,990, respectively. The accounts receivable period is 30 days. What is the amount of the April collections? Assume a year has 360 days. NO AI ANSWER

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