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Kingston budgets total sales for June and July of $ 4 2 0 , 0 0 0 and $ 4 3 8 , 0 0

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Kingston budgets total sales for June and July of $420,000 and $438,000, respectively. Cash sales are 60% of total sales. Of the
credit sales, 20% are collected in the month of sale, 65% 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. Hint: Determine the percent of June and July sales that are uncollected at July 31.
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