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J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year September (actual) 572,000 Fourth Quarter October $ 62,000 November 57,000 December 82,000

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J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year September (actual) 572,000 Fourth Quarter October $ 62,000 November 57,000 December 82,000 Experience has shown that 30 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and O percent are never collected Prepare a schedule of cash receipts for J.Lo's Clothiers covering the fourth quarter (October through December) a J.Lo's Clothiers September October November December Crodil sales In month of sales One month after sales Total cash receipts $ 05 os

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