Curtis Party Rentals offers party equipment such as tents, tables, chairs, and so on for outdoor events. The rental fees average $860 per event. Curtis receives a 15 percent deposit two months before the event, 60 percent the month before, and the remainder on the day the equipment is delivered and set up. Planners at Curtis estimate the following number of events for the last half of the current year:

July	250
August	270
September	320
October	230
November	190
December	220

Required:

a. What are the expected revenues for Curtis Party Rentals for each month, July through December? Revenues are recorded in the month of the event.

b. What are the expected cash receipts for each month, July through October?

\begin{tabular}{|l|cc|} \hline & \multicolumn{2}{|c|}{ Revenues } \\ \hline July & $ & 215,000 \\ \hline August & $ & 232,200 \\ \hline September & $ & 275,200 \\ \hline October & $ & 197,800 \\ \hline November & $ & 163,400 \\ \hline December & $ & 189,200 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline & Cash Receipts \\ \hline July & \\ \hline August & \\ \hline September & \\ \hline October & \\ \hline \end{tabular}