Kingston anticipates total sales for June and July of $450,000 and $388,000, respectively Cash sales are normally 70% 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 Amount Uncollected Sales month Total Sales Credit Sales Percent Still Uncollected June July Total $ 450,000 388,000