5. A. Cash Collection Budgeted sales for the third quarter of the year for Brown Company are as follows: Budgeted Sales Cash Collection July August September June July August September $350,000 $300,000 375,000 450,000 Total Cash Collected The company normally collects 30 percent in the month of sale and 65 percent in the month following the sale. Five percent of all sales are uncollectible and are written off in the following month. The balance in accounts receivable at July 1 was $245,000, which represents 70 percent of June sales. Required: Determine cash collection for July, August, & Sept.