November December Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry customers and credit customers OfficeMart estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $107.000 134,000 196,000 The Accounts Receivable balance on September 30 was $72,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales! 26.750 x 33.500X 49,000 x September sales on account: Collected in October October sales on account Collected in October 15.047 x Collected in November 36.125 x November sales on account: Collected in November 1. X Collected in December December sales on account: Cash sales 20.063 X 36,150 X The Accounts Rece Prepare a schedule of cash collections from sales for October, November, and December. Round all December 49,000 X OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November Receipts from cash sales: Cash sales 26,750 X 33,500 X September sales on account: Collected in October 20,063 X October sales on account: Collected in October 15,047 X Collected in November 25,125 X November sales on account: Collected in November 18,845 x 36,750 X Collected in December December sales on account: 27,563 X Collected in December 61,860 X 77,470 X Total cash receipts 113,313 X