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6. X Co. has the following expected pattern of collections on credit sales: 80% collected in the month of sale, 10% in the month after
6. X Co. has the following expected pattern of collections on credit sales: 80% collected in the month of sale, 10% in the month after the month of sale, 7% in the second month after the month of sale, and the remaining 3% is never collected. At the end of September, X Co. has the following accounts receivable balances: From August sales: $52,000 From September sales: $68,000 E's expected sales in October are $220,000. Calculate expected collections in October and total sales for August and September
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