Kingston anticipates total sales for June and July of $460,000 and $378,000, respectively. Cash sales are normally 70% of total sales. Of the credit sales, 15% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 20% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the companys budgeted balance sheet as of July 31.

Kingston anticipates total sales for June and July of $460.000 and $378,000, respective of the credit sales, 15% are collected in the same month as the sale, 65% are collected d remaining 20% are collected in the second month after the sale. Determine the amount company's budgeted balance sheet as of July 31. As of July 31 Sales month Total Sales Credit Sales Percent Still Uncollected Amount Uncollected June $ 460,000 378,000 July Total