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Lakewood Jet Skis has budgeted sales for June and July at $490,000 and $480,000, respectively. Sales are 75% credit, of which 30% is collected in

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Lakewood Jet Skis has budgeted sales for June and July at $490,000 and $480,000, respectively. Sales are 75% credit, of which 30% is collected in the month of the sale and 70% is collected in the following month. What is the accounts receivable balance on July 31? $336,000 $360,000 $257,250 $252,000

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