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McLeod Fries, inc has budgeted sales for June and July at $690,000 and $775,000, respectively . Sales are 90% credit, of which 70% is collected

McLeod Fries, inc has budgeted sales for June and July at $690,000 and $775,000, respectively . Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted accounts receivable balance on July 31?

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