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Question 11 [CLO-4] Harry Corporation has budgeted for the following sales: July $425,000 August $510,000 September $605,000 October $830,000 November $700,000 December $600,000 Sales are
Question 11 [CLO-4] Harry Corporation has budgeted for the following sales: July $425,000 August $510,000 September $605,000 October $830,000 November $700,000 December $600,000 Sales are collected as follows: 10% in the month of sale, 60% in the month following the sale; and the remaining 30% in the second month following the sale. In the budgeted balance sheet at December 31, at what amount will accounts receivable be shown? $822,000 $214,000 CCCCCCCC $826,500 $685,500 $570,000 $214,500 $688,000 $216,000
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