Question - Harrti Corporation has budgeted for the following sales:
July $513,000 August $526,000 September $629,000 October $906,000 November $749,000 December $751,000
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?
$751,000
$675,900
$900,600
$224,700