Ausaired Del spenter'a Mew's Giothiog starn fieguir haf Del Spencer is the owner and founder of bel Spencer's Mec's Clothing Store. Del Spencer's has its owo house charge aceounts and hat fourd hom zast expenence that 10 percent of lts sales are for cash. The remaining 90 percent are on credit. An aging schedule for acceunts receivabie inveais itie fultowing patterin: 15 percent of credit males are paid in the month of sale. 65 percent of credit sales are paid in the frst month foliowing the sale. 14 percent of credi sates are paid in the second month following the sale. 6 percent of credit sales are never collected. Credit sales that have not been paid unti the second month foliowing the sale are considered overdue arid are sutject to a 3 percent late charge. Del Spencer's has developed the following sales forecast: ftequired: Prepare a schedule of cash recelpts for August and September. Round all amounts to the nearest dollar