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Firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June. All sales are on credit. 30% is collected the month of sale and the...

Firm has forecasted sales of $3,000 in April, $4,500 in May and $6,500 in June.  All sales are on credit.  30% is collected the month of sale and the remainder the following month.  What will be balance in accounts receivable at the beginning of July?
A) $1,950
B) $6,500
C) $4,550
D) $5,100

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