5 QS 22-22 Computing budgeted accounts receivable LO P2 5.88 points Kingston anticipates total sales for June and July of $470,000 and $418,000, respectively, Cash sales are normally 60% of total sales of the credit sales, 15% are collected in the same month as the sale. 70% are collected during the first month after the sale, and the remaining 15% are collected in the second month after the sale Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31. Spoed eBook As of July 31 Percent Still Amount Uncollected Uncollected Hin Sales month Total Soles Credit Sales Print $ June July 470,000 418,000 References Total