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Erewon Inc. sells all of its product on account. Erewon has the following accounts receivable payment experience: Percent paid in the month of sale Percent

Erewon Inc. sells all of its product on account. Erewon has the following accounts receivable payment experience:
Percent paid in the month of sale
Percent paid in the month after the sale
Percent paid in the second month after the sale
30
50
18
To encourage payment in the month of sale, Erewon gives a 2% cash discount. The company's anticipated sales for the next few
months are as follows:
please refer to the oictures included as the whole problem is there image text in transcribed
image text in transcribed
image text in transcribed
Schedule of Cash Collections on Accounts Receivable and Cash Budget Erewon Inc, sells all of its product on account. Erewon has the following accounts recelvable payment experience: To encourage payment in the month of sale, Erewon gives a 2% cash discount. The company's anticipated sales for the next few months are as follows: 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers

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