All soles are credit sales. The collection pattern is 60% in the month of sale, 35% the following month and the remainder in the secon month following the sale. Accounts receivable on April 1 were $123,300 Required: a. Prepare a cash receipts schedule for the period June through August (by month). What is the exnerted Arrainte Rerelvahie halanre at Airnist 31? All sales are credit sales. The collection pattern is 60% in the month of sole, 35%, the following manth and the remainder in the second manth following the sale. Accounts recelvable on Aptil 1 were $123,300. Required: a. Prepare o cash receipts schedule for the perlod June through August (oy month). b. What is the expected Accounts Recelvable balance at August 31