Cash Receipts Del Spencer is the owner and founder of Del Spencer's Men's Clothing Store. Det Spencer's has its own bouse charge accounts and has found from past experience that 10 percent of its sales are for cast, The remaining 90 percent are on credi. An aging schedule for accounts receivable teveals the following pattem: is percent of credit sales are paid in the month of sale. 65 percent of credit sales are paid in the first month following the sale. 14 percent of credn sales are paid in the second month following the sale. 6 pericent of credit sales are never collected. Credit sales that have not been paid untit the second month following the sale are considered overdist and are subject to a 3 percent late charge. Del Spencer's has developed the following soles forecast: Pequired : Prepare o schedule of cash receipts for August and 5 eptember. Pound all amounts to the nearest dollar. Det Spencer's Men's Clothing Store Schedule of Cash Receipts For the Months of Mugust and September Prepare a schedule of cash recripts for August and September. Reand all amounts to the nearest dollar. Del Spencer's Men's Clothing Store Inoked roteis M, Wok Apply the applicable percentage to the associated monthis: Be sure to include actual cirsh sales