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Kingston anticipates total sales for June and July of $420,000 and $378,000, 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 $420,000 and $378,000, respectively, Cash sales are normally 65% 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 Sales month Total Sales Credit Sales As of July 31 Percent sun Amount Uncollected Uncollected June 420,000 378,000 July Total

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