Ross Corporation makes all sales on account. The June 30th balance sheet balance in its accounts receivable is $400,000, of which $240,000 pertain to sales that were made during June. Budgeted sales for July are $1,250,000. Ross collects 70% of sales in the month of sale; 20% in the following month; and the final 10% in the second month after the sale. MC Qu. 60 What is the budgeted balance... What are Ross's budgeted collections for July? What is the budgeted balance of Ross's accounts receivable as of July 31