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Harrington makes all sales an account, subject to the following collection pattern: 20% are calleced in the month of sale; 70% are collected in the

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Harrington makes all sales an account, subject to the following collection pattern: 20% are calleced in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales far lune, July, and August were $70,000, $110,000, and $100,000, respectively, what were the firm's budgeted collections for August end the company's budgeted receiveles balance on August 317 August Collections August 31 Receivables Balance $ 97,000 $117,000 $104,000 $ 91,000 $100,000 $ 84,000 $197,000 $ 91,000 E. None of these options is correct. Multiple Choice 0 Choice O Choce O Choice Choice O Choices

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