Preparing a Schedule of Cash Collections on Accounts Receivable Weiland and Compan the month of billing, 40% will be paid in the month following billing. and 42% will be paid in the second month foto ing biling. For the next expected May ny is a medical billing services irm. All sales of billing services are billed to the client (there are no cash sales). Weland expects that erage, 15% wi" be paid in $184,000 192,000 207,000 175,000 164,000 uly August Required expected in payments on accounts receivable in August and in September, It an amount box does not require an entry, enter " Schedule for Cash Collections on Accounts Receivable August September June July uly 207,000 175,000 164,000 August Required in payments on accounts receivable in August and in September If an amount box does not require an entry, enter "o Schedule for Cash Collections on Accounts Receivable August September June: August September Total cash receipts