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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
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
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