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Kingston anticipates total sales for June and July of $340,000 and $368,000, respectively, Cash sales are normally 65% of total sales. Of the credit sales,

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Kingston anticipates total sales for June and July of $340,000 and $368,000, respectively, Cash sales are normally 65% of total sales. Of the credit sales, 20% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 15% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31. As of July 31 8 00:32:55 Sales month Total Sales Credit Sales Percent Still Uncollected Amount Uncollected $ 340,000 368,000 Total

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