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

September (actual) $58,000 Fourth Quarter

October $48,000

November $43,000

December $68,000

Experience has shown that 20 percent of sales are collected in the month of sale, 60 percent in the following month, and 20 percent are never collected.

Prepare a schedule of cash receipts for J. Los Clothiers covering the fourth quarter (October through December).

J. Los Clothiers

Credit Sales	September	October	November	Dececember
In Month of Sales
One month after Sales
Total cash receipts