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At what amount will accounts receivable be shown

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Reference no: EM132792343

Question - Harrti Corporation has budgeted for the following sales:

July $448,800

August $583,800

September $616,900

October $891,900

November $749,000

December $709,000

Sales are collected as follows: 20% in the month of sale; 55% in the month following the sale; and the remaining 25% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

Reference no: EM132792343

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