Office World Inc has cash and carry customers and credit customers Office World estimates that 25 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 of 2016 are as follows August $107,000 September 134,000 October 196,000 The Accounts Receivable balance on July 31, 2016, was $72,000 Prepare a schedule of cash collections from sales for August, September, and October Round all calculations to the nearest whole dollar 196,000 October The Accounts Receivable balance on July 31, 2016, was $72,000 Prepare a schedule of cash collections from sales for August, September, and October Round all calculations to the near Office World Inc Schedule of Collections from Sales For the Three Months Ending October 31, 2016 AugustSeptember October Receipts from cash sales Cash sales uly sales on account Colected in August August sales on account Collected in Augus Colected in September September sales on account Collected in September Colledted in October October ssles on account Collected n October Total cash receipts 0 sare ChecR P WOK emaing O Type here to search 5 8 NM alt

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Office World Inc. has cash and carry customers and credit customers. Office World estimates that 25% of monthly sales are to cash customers, while the

Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 25% 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 of 2016 are as follows:

August	$107,000
September	134,000
October	196,000

The Accounts Receivable balance on July 31, 2016, was $72,000.

Prepare a schedule of cash collections from sales for August, September, and October. Round all calculations to the nearest whole dollar.

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196,000 October The Accounts Receivable balance on July 31, 2016, was $72,000. Prepare a schedule of cash collections from sales for August, September, and October. Round all calculations to the near Office World Inc Schedule of Collections from Sales For the Three Months Ending October 31, 2016 AugustSeptember October Receipts from cash sales: Cash sales uly sales on account: Colected in August August sales on account: Collected in Augus Colected in September September sales on account Collected in September Colledted in October October ssles on account Collected n October Total cash receipts 0 sare ChecR P WOK emaing O Type here to search 5 8 NM alt