Problem G In preparing its budget for July, 1997, Joy Company has the following accounts receivable information available: Accounts receivable at June 30, 19x7 P350,000 Estimated credit sales for July P400,000 Estimated collections in July for credit sales in July and prior months P320,000 Estimated write-offs in July for uncollectible credit sales P 16,000 Estimated provision for doubtful accounts for credit sales in July P 12,000 15. What is the projected balance of accounts receivable at July 31, 19x7