Harrti Corporation has budgeted for the following sales: July$448,000 August$583,000 September$616,500 October$891,500 November$745,000 December$705,000...
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Accounting
Harrti Corporation has budgeted for the following sales:
July$448,000
August$583,000
September$616,500
October$891,500
November$745,000
December$705,000
Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
A) 858000
B)634500
C) 705000
D)223500
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