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Harrti Corporation has budgeted for the following sales: July$448,000 August$583,000 September$616,500 October$891,500 November$745,000 December$705,000...

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Accounting

Harrti Corporation has budgeted for the following sales:

July$448,000

August$583,000

September$616,500

October$891,500

November$745,000

December$705,000

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 Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?

A) 858000

B)634500

C) 705000

D)223500

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