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Kingston anticipates total sales for June and July of $380,000 and $318,000, respectively. Cash sales are normally 60% of total sales. of the credit sales,

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Kingston anticipates total sales for June and July of $380,000 and $318,000, respectively. Cash sales are normally 60% of total sales. of the credit sales, 25% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 5% 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 Percent Still Amount Uncollected Uncollected Salen month Total Salon Credit Sales June $ 380,000 $ 318,000 152,000 127,200 July Total 20

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