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What is the amount of Harrti accounts receivable at Dec

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Reference no: EM132777826

Question - Harrti Corporation has budgeted for the following sales:

July $445,000

August $580,000

September $615,000

October $890,000

November $730,000

December $690,000

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. What is the amount of Harrti's accounts receivable at Dec. 31st?

A) $219,000 B) $840,000 C) $690,000 D) $621,000

Reference no: EM132777826

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