[10 points] Caba-6064 Corporation's sales budget for the first half of the year is as...

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Accounting

[10 points] Caba-6064 Corporation's sales budget for the first half of the year is as follows:
Sales are 20% cash and 80% on account. Sales on account are to be collected over a three-month period, with 25% collected in the month of the sale, 55% collected in the first month following the month of sale, and
20% collected in the second month following the month of sale. What is the budgeted balance in the Accounts Receivable account as of June 30?
Multiple Choice
$179,600
$198,400
$235,600
$154,000
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