David Campbell’s is a men’s clothing store in Mesa, Arizona. David Campbell’s has its own house charge accounts and has found from past experience that 20 percent of its sales are for cash. The remaining 80 percent are on credit. An aging schedule for accounts receivable reveals the following pattern:

15 percent of credit sales are paid in the month of sale.
65 percent of credit sales are paid in the first month following the sale.
18 percent of credit sales are paid in the second month following the sale.
2 percent of credit sales are never collected.
Credit sales that have not been paid until the second month following the sale are considered overdue and are subject to a 2 percent late charge.
David Campbell’s has developed the following sales forecast:

Required:
Prepare a schedule of cash receipts for August and September.

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May $66,000 June 85,000 July 55,000 August 75,000 September 80,000