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J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year 27 September (actual) $ 73,000 Fourth Quarter October $ 63,000 November

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J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year 27 September (actual) $ 73,000 Fourth Quarter October $ 63,000 November 58,000 December 83,000 ASK Experience has shown that 35 percent of sales are collected in the month of sale, 60 percent are collected in the following month, and 5 percent are never collected, Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December) J.Lo's Clothiers September October November December Credit salos in month of sales One month after sales Total cash receipts

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