Harrti Corporation has budgeted for the following sales: July$446,800?August$581,800?September$615,900?October$890,900?November$739,000?December$699,000?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 Razz's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
A. $850,800
B. $699,000
C. $629,100
D. $221,700
Answer: A
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