b

All sales are credit sales. The cash collection pattern is 20% in the month of sale, 70% in the month following the sale, and the remainder in the second month following the sale. Accounts receivable on June 1 were $178,500. Required: a. Prepare a budgeted cash receipts schedule for the period June through August (by month only). b. What is the exoected Accounts Receivable balance at Auoust 31 ? Prepare a budgeted cash receipts schedule for the period June through August (by month only). b. What is the expected Accounts Receivable balance at August 31