Check my work 9 Graham Potato Company has projected sales of $9,600 in September, $13,000 in October, $19,600 in November, and $15.600 in December of the company's sales, 30 percent are paid for by cash and 70 percent are sold on credit. Experience shows that 40 percent of accounts receivable are paid in the month after the sale, while the remaining 60 percent are paid two months after Determine collections for November and December Also assume Graham's cash payments for November and December are $16,500 and $9,000, respectively. The beginning cash balance in November is $5,000, which is the desired minimum balance nts a. Prepare a cash receipts schedule for November and December Book int Graham Potato Company Cash Receipts Schedule September October November December int Sales Credit sales Cash sales One month after sale Two months after sale Total cash receipts nces $ 0 $ 0 b. Prepare a cash budget with borrowing needed or repayments for November and December. (Negative amounts should be indicated by a minus sign. Assume the November beginning loan balance is $0.) Graham Potato Company HO