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Harrti Corporation has budgeted for the following sales: July $449,000 August $584,000 September $617,000 October $892,000 November December $750,000 $710,000 Sales are collected as
Harrti Corporation has budgeted for the following sales: July $449,000 August $584,000 September $617,000 October $892,000 November December $750,000 $710,000 Sales are collected as follows: 15% in the month of sale; 65% in the month following the sale; and the remaining 20% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
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