Cash Collections Budget Jonestown Company uses a calendar year end. The Finance team is preparing the Budge for the third quarter. Projected sales are as follows: July: $300,000 August: $270,000 September: $240,000 The company expects to sell 20% of its merchandise for cash. Of the sales on account, 20% are expected to be collected for the month of the sale and the remainder is the following month. Accounts receivable at June 30 were $198,400 Prepare a schedule using the attached worksheet indicating the total cash collections for each of the months