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Harrti Corporation Has Budgeted for the Following Sales: Sales

Question 14

Multiple Choice

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 Razz's budgeted balance sheet at December 31,at what amount will accounts receivable be shown? A) $680,000 B) $612,000 C) $826,500 D) $214,500 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) $680,000
B) $612,000
C) $826,500
D) $214,500

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