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Preparing a Schedule of Cash Collections on Accounts Recervable Kailua and Corripany is a legal services furm. Al soles of legal services are balled to

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Preparing a Schedule of Cash Collections on Accounts Recervable Kailua and Corripany is a legal services furm. Al soles of legal services are balled to the client (there are no cash sales). Kallya 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: Prepare a schedule showing the casb expected in payments on accounts receivable in Augut and in September. If an amount box does not require an entry, leave it Blank or enter " 0 *: De sure to enter percentages as whole numbers: 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 en " 0 ". Be sure to enter percentages as whole numbers

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