Lakewood Jet Skis has budgeted sales for June and July at $490,000 and $550,000, respectively Sales are 85% credit, of which 40% is collected in the month of the sale and 60% is collected in the following month. What is the accounts receivable balance on July 31? DA. $249,900 OB $330,000 OC. $467,500 D. $280,500