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Flounder Company has the following sales projections for its second and thircl quarters: April $210,000 May $230,000 June $250,000 July $270,000 August $281,000 September $240,000

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Flounder Company has the following sales projections for its second and thircl quarters: April $210,000 May $230,000 June $250,000 July $270,000 August $281,000 September $240,000 Normal cash collection experience has been that 55% of sales are collected during the month of sale, 25% in the month following sale, and 15% in the seoond month following sale. The remaining 5% of sales is never collected. Prepare the schedule of cash collections for the third quarter, by month and in total

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