# 7 Grape Corporation budgeted sales on account to be $120,000 for July, $211,000 for August, and $198,000 for September. Based on past experience, none of the accounts will be collected in the month of sale, 70% will be collected in the month after the sale and 30% in the second month after the sale.

Grapes budgeted cash collections for September are:

multiple choice

• $183,700

• $198,000

• $207,100

• $147,300