Compton Company expects the following total sales: Month March April May June Sales $33,000 $23,000 $17,000 $28,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice O $7.525 $8.925 O $22,500 O $12.750

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