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10 points] Caba-9208 Corporation's sales budget for the first half of the year is as...

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Accounting

10 points] Caba-9208 Corporation's sales budget for the first half of the year is as follows:
Budgeted Sales
January $110,000
February $200,000
March $200,000
April $250,000
May $200,000
June $270,000
Total: $1,230,000
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
$182,000
$194,000
$148,500
$236,000

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