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$632500 Of that balance $480000 represents remaining accounts receivable from September billings The normal collection pattern for the firm is 20 percent of billings in the month of service

$632,500. Of that balance, $480,000 represents remaining accounts receivable from September billings. The normal collection pattern for the firm is 20 percent of billings in the month of service, 55 percent in the month after service, and 22 percent in the second month following service. The remaining billings are uncollectible. October billings are expected to be $750,000.

Jun 26 2020 View more View Less

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