Problem 4-17 (Algo) Schedule of cash receipts [LO4-2] J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: Experience has shown that 20 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 15 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). Problem 4-17 (Algo) Schedule of cash receipts [LO4-2] J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: Experience has shown that 20 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 15 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December)