Kingston anticipates total sales for June and July of $480.000 and 5318 000, respectively Cash sales are normally 65% of total sales Of the credit sales, 25% are collected in the same month as the sale, 60% 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 Sales month Total Sales Credit Sales Percent Still Uncollected Mount Uncollected 5 480000 318 0001 Total Reference