Harrti Corporation has budgeted for the following sales: July $445,400 August $580,400 September $615,200 October...
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Accounting
Harrti Corporation has budgeted for the following sales: July $445,400 August $580,400 September $615,200 October $890,200 November $732,000 December $692,000 Sales are collected as follows: 15% in the month of sale; 65% in the month following the sale; and the remaining 20% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? Multiple Choice $734,600 $146,400 $588,200 $692,000
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