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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

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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). Kalitua expects that, on average, 20\% will be paid in the month of billing, 3004 will be paid in the month following baling, and 25% will be paid in the secend month following biting. For the next 5 months, the following sales billings are expected: 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 blanh or enter " ". Be sure to enter percentages as whole numbers. August: Total cash receipts

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