Chedule of Cash Collections on Accounts Receivable and Cash Budget oybal Inc. sells all of its product on account. Roybal has the following accounts receivable payment experience: Percent paid in the month of sale Percent paid in the month after the sale 20 55 Percent paid in the second month after the sale 23 To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few months are as follows: April $209,000 May 272,800 June 286,000 July 264,000 August 330,000 Required: 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts For July Payments on account: From May credit sales Check My Workmon Check My Wink uses rang Previous All work saved Email Instructor Lave and Eve Submit Amant for Grading eBook Print Item 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts Payments on account: From May credit sales: x From June credit sales: For July % x % From July credit sales: % Less: July cash discount % 0000 Cash receipts 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receints Cash receipts 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts, Payments on account: From June credit sales: For August % From July credit sales: x % From August credit sales: 1010 Cash receipts % Less: August cash discount % 0000 Check My Work 3 more Check My Work uses remaining