Harrti Corporation has budgeted for the following sales:
July | $ | 448,400 |
August | $ | 583,400 |
September | $ | 616,700 |
October | $ | 891,700 |
November | $ | 747,000 |
December | $ | 707,000 |
Sales are collected as follows: 15% in the month of sale; 65% in the month following the sale; and the remaining 20% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
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