TB MC Qu. 09-73 Harrti Corporation has budgeted for...

Harrti Corporation has budgeted for the following sales:

July $424,000 August $540,000 September $654,000 October $924,000 November $796,000 December $732,000

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 Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

$732,000

$658,800

$897,600

$238,800