J. Los Clothiers has forecast credit sales for the fourth quarter of the year:

September (actual) $59,000

Fourth Quarter

October $49,000

November 44,000

December 69,000

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).

Experience has shown that 25 percent of sales are collected in the month of sale, 65 p 10 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (Oc J. Lo's Clothiers September October November December Credit sales In month of sales One month after sales Total cash receipts