Eastern Auto Parts Inc. has 20 percent of its sales paid for in cash and 80 percent on credit. All credit accounts are collected in the following month.

Assume the following sales:

January	$	74,000
February		64,000
March		109,000
April		54,000

Sales in December of the prior year were $84,000.

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		$		$		$		$