April May June July August September $452,000 $ 468,000 $ 492,000 $ 517,000 $ 508,000 $ 477,000 40% of the sales are credit sales, the remainder are made in cash. Credit sales are collected 50% in the month of sale, 40% in the month following the sale, and 7% in the second month following the sale. a. Compute Meredith Company's cash receipts for June. (Do not round intermediate calculations.) Cash Recipts b. Compute Meredith Company's cash receipts for July. (Do not round intermediate calculations.) Cash Rocolats c. Compute Meredith Company's cash receipts for August. (Do not round Intermediate calculations.) Chopta