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Harrti Corporation has budgeted for the following sales: July August September October November December $448, 200 $583,200 $616,600 $891,600 $746,000 $706,000 Sales are collected as
Harrti Corporation has budgeted for the following sales: July August September October November December $448, 200 $583,200 $616,600 $891,600 $746,000 $706,000 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?
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