Bina Paudel and Company is a legal services firm. All sales of legal services are billed to clients

(there are no cash sales). Bina Paudel expects that, on average, 20 percent will be paid in the month

of billing, 50 percent will be paid in the month following billing, and 25 percent will be paid in the

second month following billing. For the next five months, the following sales billings:

May $ 84,000

June 100,800

July 77,000

August 86,800

September 91 ,000

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Required:

Please explain how I can puttogether schedule showing the cash expected in payments on accounts receivable in August and in September.