Budgeting Cash Judson, Inc., sells on terms of 5% discount for cash and carry or 2/10, n/30 and estimates its total sales for the second calendar quarter of next year as follows: July, $225,000; August, $150,000; and September, $180,000. An analysis of operations indicates the following customer collection patterns:

				Portion of Total Sales
In month of sale:
Cash at time of sale				30%
On account, during discount period				20%
On account, after discount period				5%
In month following sale:
On account, during discount period				20%
On account, after discount period				15%
In second month following sale:
On account, after discount period				7%
Average portion uncollectible				3%
				100%

Prepare an estimate of the cash to be collected from customers during September.

Estimated Collections from Customers in September
JulySales
On account, no discount				Answer
August Sales
On account, no discount				Answer
On account, with discount				Answer
Septembersales
On account, no discount				Answer
On account, with discount				Answer
Cash				Answer
Total estimatedSeptember collections				Answer