nd $700,000 in July 80% of sales are for cash, the remaining 20% is Lighthouse Company expects sales of $800,000 in May; $1,000,000 in June, a collected the next month. The balance in Accounts Receivable on June 30 is Select one: O a $200,000 b.$160,000 c.$140,000 d.$500,000 e $360,000