es Problem 4-17 (Algo) Schedule of cash receipts [LO4-2] J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year. September (actual) October November December Fourth Quarter Credit sales Experience has shown that 30 percent of sales are collected in the month of sale, 70 percent are collected in the following month, an 0 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). Collections: In month of sales One month after sales $ 72,000 $ 62,000 57,000 82,000 Total cash receipts

J.Lo's Clothiers September $ October November 0 $ December 0 $ 0

Problem 4-17 (Algo) Schedule of cash receipts [LO4-2] J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: Experience has shown that 30 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 0 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). Problem 4-17 (Algo) Schedule of cash receipts [LO4-2] J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: Experience has shown that 30 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 0 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December)