prepare a schedule showing the cash expected in payments on accounts receivable in August and in September

all income statement amounts to the nearest dollar.) Preparing a Schedule of Cash Collections on Accounts OBJECTIVE 3 ERSTONE 9.10 Cornerstone Exercise 9.30 Receivable Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20% will be paid in the month of bill ing, 50% will be ill be paid in the second month d 25% w g billin g, an paid in the month followin following billing. For the next five months, the following sales billings are expected: 84,000 100,800 77,000 86,800 91,000 May June July August September