Ewing Company is preparing a cash budget for September. The following information on accounts receivable collections is available from past collection experience:

The remaining 3 percent is not collected and is written off as bad debts. Credit sales to date are:

Required
What are the estimated cash receipts from accounts receivable collections in September?

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Percent of current month's sales collected this month._ _ _ _ . . . . _ . _ . _. . .. Percent of prior month's sales collected this month . . .. . . . . . . . . . . . . . . . . . Percent of sales two months prior to current month collected this month . . Percent of sales three months prior to current month collected this month 25% 63 ated.. $200,000