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McLeod Fries, Inc. has budgeted sales for June and July at $680,000 and $750,000, respectively....

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Accounting

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McLeod Fries, Inc. has budgeted sales for June and July at $680,000 and $750,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? O A. $675,000 OB. $183,600 O c. $202,500 D. $225,000

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