Answer:
The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
Explanation:
For computing the account receivable balance for the august month, the following adjustment is required which is shown below:
= August sales × credit sale percentage
where,
August sale is $200,000
And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale
So,
the accounts receivable would be equals to
= $200,000 × 0.75
= $150,000
Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
