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Blair is a retailer of assorted baby products. The sales forecast for the coming months is: All sales are credit sales. The cash collection pattern

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Blair is a retailer of assorted baby products. The sales forecast for the coming months is: All sales are credit sales. The cash collection pattern is 20% in the month of sale, 65% in the month following the sale, and the remainder in the second month following the sale: Accounts recelvable on June 1 were $191,300. a. Prepare a cash receipts schedule for the period June through August (by month). b. What will the Accounts Receivable balance be on August 31

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