Harrti Corporation has budgeted for the following sales: July$445,000August$580,000September$615,000October$890,000November$730,000December$690,000?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. $621,000
B. $219,000
C. $690,000
D. $840,000
Answer: D
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