roughly evenly split between credit and cash sales, with half the credit sales  collected in the month after sale  and the remainder two months after the sale. historical and projected sales  for the gift shop are:

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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15. On December 31,2021, the Denjay  Gift Shop had outstanding accounts receivable balance  of P20,000. Denjay's sales are
    roughly evenly split between credit and cash sales, with half the credit sales  collected in the month after sale  and the remainder two months after the sale. historical and projected sales  for the gift shop are:

      Month Sales
     October 2021                                  150,000
     November 2021                              200,000
     December 2021                              300,000
     January 2022  (projected)               400,000

    Under the circumstances what should the balance in accounts receivable be at the end of January 2022?

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