Eastern Auto Parts Inc. has 15 percent of its sales paid for in cash and 85 percent on credit. All credit accounts are collected in the following month.

Assume the following sales:

January	$	65,000
February		55,000
March		100,000
April		45,000

Sales in December of the prior year were $75,000.

Prepare a cash receipts schedule for January through April.

Eastern Auto Parts Inc.
		January		February		March		April
Sales		$		$		$		$
Cash receipts:
Cash sales		$		$		$		$
Prior month's credit sales
Total cash receipts		$		$		$		$