Preparing a Schedule of Cash Collections on Accounts 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 billing, $50\%$ will be paid in the month following billing, and $25\%$ will be paid in the second month following billing. For the next $5$ months, the following sales billings are expected:

May $$84,000$

June $100,800$

July $77,000$

August $86,400$

September $89,000$

Required:

Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter $"0".$ Be sure to enter percentages as whole numbers.