Actual sales in Novu Novu Hair Co. were: June July August P30,000 P50,000 P70,000 Sales in September are expected to be P60,000 Terms of collection: 30% of a month's sales are collected in the month of sales 50% in the first month after sale 15% in the second month after sale Determine the cash receipts of Novu Novu Hair Co. for September