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Esplanade Company has the following historical pattern for its credit sales:70% collected in month of sale 15% collected in the first month after sale 10%

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"Esplanade Company has the following historical pattern for its credit sales:70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale4% collected in the third month after sale1% uncollectible The sales on open account have been budgeted for the last 6 months of the year as shown below:July $30,000 August 35,000 September 40,000 October 45,000 November 50,000 December 42,500 Esplanade estimated total cash collections during October from accounts receivable are" "21.400" O "42,200" "84,400" "86,700

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