help

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers, Of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. Projected sales for the next three months of 2016 are as follows: The Accounts Receivable balance on September 30,2016 , was $35,000. Schedule of Gash Collections Prepare a schedule of cash collections from sales for October, November, and December Enter all amounts as positive numbers. Officemart Inc. Schedule of Collections from Sales For the Three Months Ending December 31, 2016 October November December Receipts from cash sales: Cash sales September sales on account: Collected in October October sales on account: Collected in October Collected in November November sales on account! Collected in November Collected in December December sales on account: Collected in December Total cash collected