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J . Lo s Clothiers has forecast credit sales for the fourth quarter of the year: Fourth Quarter September ( actual ) $ 7 1

J. Los Clothiers has forecast credit sales for the fourth quarter of the year:
Fourth Quarter
September (actual) $ 71,000
October $ 61,000
November 56,000
December 81,000
Experience has shown that 25 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 10 percent are never collected.
Prepare a schedule of cash receipts for J. Los Clothiers covering the fourth quarter (October through December)

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