Budgeting Cash Judson, Inc., sells on terms of 5% discount for “cash and carry” or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: July, \($225,000;\) August, \($150,000;\) and September, \($180,000\). An analysis of operations indicates the following customer collection patterns:

Required 

Prepare an estimate of the cash to be collected from customers during September.

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In month of sale: Cash at time of sale On account during discount period. On account after discount period. Portions of Total Sales 30% 20% 5% In month following sale: On account during discount period... 20% On account after discount period. 15% In second month following sale: On account after discount period Average portion uncollectible 7% 3% 100%