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Kingston budgets total sales for June and July of $340,000 and $348,000, respectively. Cash sales are 65% of total sales. Of the credit sales, 25\% are collected in the month of sale, 60% 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. Hint: Determine the percent of June and July sales that are uncollected at July 31. Garda purchased $520,000 of merchandise in August and budgets merchandise purchases of $680,000 in September. Merchandise purchases are paid as follows: 35% in the month of purchase and 65% in the month after the purchase. Prepare a schedule of cash payments for merchandise purchases for September. Lexi Company budgets unit sales of 1,480,000 in April, 1,260,000 in May, 560,000 in June, and 1,380,000 in July. Beginning inventory on April 1 is 296,000 units, and the company wants to have 20% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is \$0.50. Prepare a merchandise purchases budget for the months of April, May, and June