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E8A?? Five Bros., Inc., is an automobile maintenance and repair company with outlets throughout the western United States. The company controller is starting to assemble

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E8A??

Five Bros., Inc., is an automobile maintenance and repair company with outlets throughout the western United States. The company controller is starting to assemble the cash budget for the fourth quarter. Projected sales for the quarter follow. Cash collection records pertaining to sales on account indicate the following collection pattern: Sales on account during August were $346,000. During September, sales account were $390,000. Compute the amount of cash to be collected from customers during each month of the fourth quarter. NSW Company collects payment on 50 percent of credit sales in the month of sale, 40 percent in the month following the sale, and 5 percent in the second month following Its sales budget follows

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