Lakewood Jet Skis has budgeted sales for June and July at $ 420 comma 000 and $ 510 comma 000 , respectively. Sales are 75 % credit, of which 30 % is collected in the month of the sale and 70 % is collected in the following month. What is the accounts receivable balance on July 31?
A. $189,000B. $288,000C. $216,000D. $360,000
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