Print Item Cash Budget Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An aging schedule for accounts receivable reveals the following pattern: a. Ten percent of fees on credit are collected in the month that service is rendered. b. Sity percent of fees on credit are collected in the month following service. c. Twenty-six percent of fees on credit are collected in the second month following service. d. Four percent of fees on credit are never collected. Fees (on credit) that have not been paid until the second month following performance of the legal service are considered overdue and are sublect to a 3% late charge. Aragon has developed the following forecast of fees: May une Duly August $180,000 200,000 190,000 194,000 240,000 Prepare a schedule of cash receipts for August and September. If an amount box does not require an entry, leave it blank or answers to the nearest dollar enter "0". Round Aragon and Associates Schedule of Cash Receipts 40.500 s( 60.000 Received from sales in: 13.000X 28500 x1235 x Ls x2800 x geR 6800 X o more Check My wo utes remaning Next work saved