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Eastwood Corporation operates a chain of automobile repair shops. The budget director for the home office is putting together next quarter's cash budget. The company

Eastwood Corporation operates a chain of automobile repair shops. The budget director for the home office is putting together next quarter's cash budget. The company expects to have the following sales amounts for the quarter ending December 31,20x1.
EASTWOOD CORPORATION SALES DATA
FOR QUARTER ENDING DECEMBER 31,20X1
storical collection results for credit sales show the following: 40% collected in the month of sale, % collected in the first month following the sale, 28% collected in the second month following sale, and 2% uncollectible. Sales on account for the months of August and September were 6,000 and $395,000, respectively.
UIRED: Using the attached form, prepare a schedule to determine the amount of cash to be collected from customers for the quarter ending December 31,20x1. Prepare the schedule to show the collections for each month individually and for the three months in total.
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