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Harti Corporation has budgeted for the following sales: Sales by month: July 425000, August 510000, September 605000, October 830000, November 715000, December 680000 Sales are
Harti Corporation has budgeted for the following sales: Sales by month: July 425000, August 510000, September 605000, October 830000, November 715000, December 680000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale.
In Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
A)$680,000
B)$612,000
C)$826,500
D)$214,500
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