May Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and Company is a legal services tom. All sales of legal services are billed to the dient (there are no cash sales), Kaunexpects that, on average, 20% will be paid in the month of bling, 50% will be paid in the month following bling, and 25 will be paid in the second month following billing. For the next 5 months, the following sales billings are expected 584,000 June 100,000 July 77.000 August 36,600 September 99,000 Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter 0 Be sure to enter percentages is whole numbers Kailua and Company Schedule August September July 11 August September 89.000 Required: Prepare a schedule showing the cash expected in payments on accounts receivable Magustand in September, If an amount box does not require an entry, leave it blank or entero Be sure to enter percentages as whole numbers Kailua and Company Schedule August September Jual July August 96 September Total cash receipts