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Junk Fries has budgeted sales for June and July at $680,000 and $720,000, respectively. 70% is collected in the month of sale and 30% is collected in the following month. What is the accounts receivable balance on July 31? Select one: $210,000 $172,800 $220,000 $158,200 $216,000 Junk Fries has budgeted sales for June and July at $680,000 and $720,000, respectively. 70% is collected in the month of sale and 30% is collected in the following month. What is the accounts receivable balance on July 31? Select one: $210,000 $172,800 $220,000 $158,200 $216,000