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Schedule Cash Collections of Accounts Receivable om Mart Inc. has cash and carry customers and credit customers. OfficeMart estimates that 25% of monthly sales are

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Schedule Cash Collections of Accounts Receivable om Mart Inc. has cash and carry customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash comers, while the remaining sales are to credit customers of the credit caters, 25 p their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale Projected sales for the next three months are as follows October $125,000 November 156,000 December 229,000 The Accounts Receivable balance on September 30 was 584,000. Prepare a schedule of cash collections from sales for October November, and December. Round all calculations to the rearrest where dotar OfficeMart Ing. Schedule of Cash Collections from Sales For the Three Honths Ending December 31 October November December Icepts from caches Cash sales September sales on account Collected in October October sales on account Collected in October Collected in November November an account Collected in November Collected in December December an account Cutested on December Tealach recept

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