Junk Fries has budgeted sales for June and July at credit, of which 70% is collected in the month of sale the accounts receivable balance on July 31? $200,500 $172,800 $158,200 $225,320 Dry Fruit Grocers a local grocer has budgeted inventory purchases as follows: October: $300, 000 November: $350, 000 December: $390, 000 Dry Fruit Grocers pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 31? $312,000 $347,000 $390, 000 $425,000