QS 20.22 (Algo) Computing budgeted accounts receivable LO P2 Kingston budgets total sales for June and July of $320,000 and $458,000, respectively. Cash sales are 65% of total sales. Of the credit saies, 25% are collected in the month of sale, 65% ore collected during the first month afier the sale, and the remaining 10% are collected in the second asonth ofter the saie. Determine the amount of accounts recelvable reported on the compony's budgoted balance sheet as of Juy 31. Hint: Determine the percent of June and July sales that are uncollected at July 3i. QS 20.22 (Algo) Computing budgeted accounts receivable LO P2 Kingston budgets total sales for June and July of $320,000 and $458,000, respectively. Cash sales are 65% of total sales. Of the credit saies, 25% are collected in the month of sale, 65% ore collected during the first month afier the sale, and the remaining 10% are collected in the second asonth ofter the saie. Determine the amount of accounts recelvable reported on the compony's budgoted balance sheet as of Juy 31. Hint: Determine the percent of June and July sales that are uncollected at July 3i