kush Co. was organized on August 1 of the current year. Projected sales for the next three months are as follows:

August sales		100,000
September sales		185,000
October sales		225,000

The company expects to sell 40% of its merchandise for cash. Of the sales on account (credit sales),

33% are to be collected in the month of sale

50% are to be collected in the month after the sale

17% are to be collected two months after the sale

Required: Prepare a schedule indicating cash collections for August, September, and October.

	Company Name
	Schedule of Cash Collections
	Fill in Month 1		Fill in Month 2		Fill in Month 3
Fill in Month 1
Fill in Month 2
Fill in Month 3
Total cash collections