Harrti Corporation Has Budgeted for the Following Sales: Sales

question 209

Multiple Choice

Harrti Corporation has budgeted for the following sales: 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?

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

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