Preparing a Schedule of Cash Collections on Accounts Receivable Kallua and Company is a legal services firm. Al 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 pald in the month following biling, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: May 584,000 June 100,000 July 77,000 August 56,400 September 88,000 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 *o". Be sure to enter percentages as whole numbers. Kailua and Company Schedule August September June: 0 X 17,360 x July Previous Next > Check My Work