In: Accounting
Harrti Corporation has budgeted for the following sales:
July August September October November December
$455,000 $557,000 $663,000 $823,000 $773,000 $733,000
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?
$733,000
$659,700
$891,600
$231,900