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Ewing Company is preparing a cash budget for September. The following information on accounts receivable collections is available from past collection experience. Percent of current

Ewing Company is preparing a cash budget for September. The following information on accounts receivable collections is available from past collection experience.

Percent of current months sales collected this month 30 %
Percent of prior months sales collected this month 55
Percent of sales two months prior to current month collected this month 10
Percent of sales three months prior to current month collected this month 3

The remaining 2 percent is not collected and is written off as bad debts. Credit sales to date are as follows.

Septemberestimated $ 170,000
August 153,000
July 130,000
June 155,000

Required:

What are the estimated cash receipts from accounts receivable collections in September?

Estimated cash receipts:

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