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Harrti Corporation has budgeted for the following sales: July $ 448,800 August $ 583,800 September $ 616,900 October $ 891,900 November $ 749,000 December $
Harrti Corporation has budgeted for the following sales:
July | $ | 448,800 |
August | $ | 583,800 |
September | $ | 616,900 |
October | $ | 891,900 |
November | $ | 749,000 |
December | $ | 709,000 |
Sales are collected as follows: 20% in the month of sale; 55% in the month following the sale; and the remaining 25% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
Brewer 8e Rechecks 2018-07-24
Multiple Choice
$567,200
$754,450
$709,000
$187,250
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