Preparing an Accounts Receivable Aging Schedule Bina Paudel and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Bina Paudel 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 five months, the following sales billings are expected: May $84,000 June 100,800 July 77,000 86,400 August September 91,000 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, enter "0". Enter percentages as whole numbers. Bina Paudel and Company Schedule August September 2 2 0,001001 III 2 2 Previous Next May $84,000 100,800 June July August 77,000 86,400 91,000 September 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, enter "0". Enter percentages as whole numbers. Bina Paudel and Company Schedule August September June: $ July: August: September: Total cash receipts