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Harrti Corporation Has Budgeted for the Following Sales: Sales

Question 230

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Harrti Corporation has budgeted for the following sales: 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 Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? A) $702,000 B) $222,600 C) $631,800 D) $854,400 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 Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?


A) $702,000
B) $222,600
C) $631,800
D) $854,400

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