Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the ﬁrst month after sale; and 10% are collected in the second month after sale.If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the ﬁrm's budgeted collections for August and the company's budgeted receivables balance on August 31?

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The Answer of Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the ﬁrst month after sale; and 10% are collected in the second month after sale.If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the ﬁrm's budgeted collections for August and the company's budgeted receivables balance on August 31?

Harrington Makes All Sales on Account, Subject to the Following