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Check J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year: $ 72,800 September (actual) Fourth Quarter October November December $ 62,000

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Check J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year: $ 72,800 September (actual) Fourth Quarter October November December $ 62,000 57.000 82,eee Experience has shown that 30 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and O percent are never collected Prepare a schedule of cash receipts for J.Lo's Clothiers covering the fourth quarter (October through December). J.Lo's Clothiers September October November December Credit sales In month of sales One month after sales Total cash receipts

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