S 20-22 (Algo) Computing budgeted accounts receivable LO P2 Ingston budgets total sales for June and July of $360,000 and $498,000, respectively, Cash sales are 70% of total sales. Of the credit bles, 15% are collected in the month of sale, 65% are collected during the first month after the sale, and the remaining 20% are ollected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted alance sheet as of July 31. Hint: Determine the percent of June and July sales that are uncollected at July 31, As of July 31 Sales month Total Sales Credit Sales Percent Uncollected Amount Uncollected $ Bune July 360.000 498,000 Total