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Schedule af Canh Encepists sequiredi Del Sathiers Han's Clatking Sters Schedule of Cash Receipts Del Spencer is the owner and founder of Del Spencer's Men's

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Schedule af Canh Encepists sequiredi Del Sathiers Han's Clatking Sters Schedule of Cash Receipts Del Spencer is the owner and founder of Del Spencer's Men's Clothing Store. Del Spencer's has its own house charge accounts a schedule for accounts receivable reveals the following pattern: 15 percent of credit sales are paid in the month of sale. 65 percent of credit sales are paid in the first month following the sale. 14 percent of credit sales are paid in the second month following the sale. 6 percent of credit sales are never collected. Credit sales that have not been paid until the second month following the sale are considered overdue and are subject to a 3 per Del Spencer's has developed the following sales forecast: Required: Prepare a schedule of cash receipts for August and September. Round all amounts to the nearest dollar. sale are considered overdue and are subject to a 3 percent late charge. I amounts to the nearest dollar

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