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Joyner Company has the following historical collection pattern for its credit sales 70% collected in month of sale 15% collected in the first month after

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Joyner Company has the following historical collection pattern for its credit sales 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow July August September October November December $44,000 49,000 54,000 59,000 64,000 56,500 Required: A. Calculate the estimated total cash collections during October B. Calculate the estimated total cash collections during the year's fourth quarter. A. Total cash collections during October B. Total cash collections during the year's fourth quarter

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