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Master Company needs to know its anticipated cash inflows for the third quarter (July - September). Cash sales are 10 percent of total sales each

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Master Company needs to know its anticipated cash inflows for the third quarter (July - September). Cash sales are 10 percent of total sales each month. Historically, sales on account have been collected as follows: 65 percent in the month of sale, 30 percent in the month after the sale, and the remaining 5 percent two months after the sale. Sales for the quarter are projected as follows: July, $124,000; August, $112,000; and September, $94,000. Accounts receivable on June 30 were $56,000. Required: A. Calculate the expected total cash receipts for the month of September B. Calculate the accounts receivable balance on September 30

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