Junk Fries has budgeted sales for June and July at $ 680 comma 000 and...

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Accounting

Junk Fries has budgeted sales for June and July at $ 680 comma 000 and $ 740 comma 000 , respectively. Sales are 80 % credit, of which 70 % is collected in the month of sale and 30 % is collected in the following month. What is the accounts receivable balance on July 31

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