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At what amount will accounts receivable be shown

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Reference no: EM131711596

Question - Harrti Corporation has budgeted for the following sales:

July $513,000 August $526,000 September $629,000 October $906,000 November $749,000 December $751,000

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

$751,000

$675,900

$900,600

$224,700

Reference no: EM131711596

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