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Eaton Stores has forecast credit sales for the fourth quarter of the year as: Fourth Quarter September (actual) ........................ $100,000 October .......................................... $ 70,000 November

Eaton Stores has forecast credit sales for the fourth quarter of the year as: 


Fourth Quarter


September (actual) ........................  $100,000


October ..........................................  $ 70,000


November ......................................  50,000


December ......................................  80,000


Experience has shown that 30 percent of sales receipts are collected in the month of sale and 60 percent in the following month, and 10 percent are never collected. Prepare a schedule of cash receipts for Eaton Stores covering the fourth quarter (October through December).

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