QS $20-22($Static$)$ Computing budgeted accounts receivable LO P$2$

Kingston budgets total sales for June and Jully of $$420,000$ and $$398,000,$ respectively. Cash sales are $60\%$ of total sales. Of the credit sales, $20\%$ are collected in the month of sale, $70\%$ are collected during the first month after the sale, and the remaining $10\%$ are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July $31.$ Hint: Determine the percent of June and July sales that are uncollected at July $31.$

$\backslash$table$[[\backslash$table$[[$Sales month$]],$Total Sales,Credit Sales,As of July $31],[\backslash$table$[[$Percent$],[$Uncollected$]],\backslash$table$[[$Amount$],[$Uncollected$]]],[$June$,$$$,420,000,-,,],[$July$,,398,000,,,],[$Total$,,,,,]]$