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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

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 $110,000
November 138,000
December 201,000

The Accounts Receivable balance on September 30 was $74,000.

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

October November December
Receipts from cash sales:
Cash sales $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
September sales on account:
Collected in October fill in the blank 4
October sales on account:
Collected in October
Collected in November
November sales on account:
Collected in November
Collected in December
December sales on account:
Collected in December
Total cash receipts

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