Janice's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $680,000 in December.

Janice’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $680,000 in December. Because Janice’s Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 20 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $97,100 and is budgeted to be $73,000 as of January 31. Janice’s Dress Delivery