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.) OBJECTIVE > Cornerstone Exercise 9-30 Preparing a Schedule of Cash Collections on Accounts ERSTONE 9.10 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 paid in the month following billing, and 25% will be paid in the second month following billing. For the next five months, the following sales billings are expected: May $ 84,000 June 100,800 July August 86,800 September 91,000 77.000 5. Is Xi Jinping, the president of China, a destructive, incompetent, successful, or effective leader? What data could you use to make this evaluation? Would your evaluation of Xi Jinping change if you lived in rural China, Tibet, or Hong Kong: were a member of the Communist Party; or owned a large business in China? 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.) OBJECTIVE > Cornerstone Exercise 9-30 Preparing a Schedule of Cash Collections on Accounts ERSTONE 9.10 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 paid in the month following billing, and 25% will be paid in the second month following billing. For the next five months, the following sales billings are expected: May $ 84,000 June 100,800 July August 86,800 September 91,000 77.000 5. Is Xi Jinping, the president of China, a destructive, incompetent, successful, or effective leader? What data could you use to make this evaluation? Would your evaluation of Xi Jinping change if you lived in rural China, Tibet, or Hong Kong: were a member of the Communist Party; or owned a large business in China