Chapter 2.3, Problem 1AYU

Aziz Industries has forecasted sales of $6,200 in April, $7,800 in May, and $9,400 in June. All sales are on credit. The company collects 35% of sales in the month of the sale and the remaining 65% in the following month. What will be the balance in accounts receivable at the beginning of July? I need answer

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Golden State Enterprises had accounts receivable of $215,000 at the beginning of the year. During the year, credit sales amounted to $890,000 and cash collections from customers totaled $825,000. Bad debt write-offs were $18,000. What is the ending accounts receivable balance? HELP

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