Cornerstone Exercise 911 Preparing an Accounts Receivable Aging Schedule Bina Paudel and Company is a legal services firm. All sales oflegal services are billed to clients [there are no cash sales). Bina Paudel expects that, on average, 20 percent will be paid in the month ofbilling, 50 percent will be paid in the month following billing, and 25 percent will be paid in the second month following billing. ' OBJECTIVE 3 CORNERSTONE 9.11 Uncollectible accounts are expected to be 5 percent. For the next five months, the following sales billings are expected: 9 Required: Mo}- 3 34.000 June 100.800 July 77.000 August 86.800 September 91.000 Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September