ABC Company has projected sales to be P260,000 in June, P270,000 in July, and P300,000 in August ABC collects 30% of a month's sales in the month of sale, 50% in the month following the sale, and 20% in the second month following the sale What is the accounts receivable balance on August 31 ? Select the correct response 990,000 P 210,000 P 264,000 None of the above