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Fill in the missing amounts in the following schedule XXXXXXXXXXXXX July August September Sales* 278,000 208,500 Cash Receipts XXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXX From Cash Sales 157,800

Fill in the missing amounts in the following schedule

XXXXXXXXXXXXX

July

August

September

Sales*

278,000

208,500

Cash Receipts

XXXXXXXXXXXXXXX

XXXXXXXXXXXXXXXX

XXXXXXXXXXXXXX

From Cash Sales

157,800

From Sales on Account +

114,675

Total Cash Receipts

*Half of each months sales are on account. June Sales amounted to 208,500

+ 70% of credit sales is collected in the month of sale; 30% is collected in the following month

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