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Elordi Engineers Corp. has the following budgeted sales data (in dollars): ...

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Accounting

Elordi Engineers Corp. has the following budgeted sales data (in dollars):

June July August September
Credit Sales 310,000 290,000 290,000 310,000
Cash Sales 6,000 60,000 70,000 60,000

The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts.

What would the budgeted accounts receivable balance be at the end of July?

Round your answer to the nearest whole number.

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