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Schedule of Cash Collections of Accounts Receilvable OfficeMart Inc. has cash and carry customers monthly sales are to cash customers, while the remaining sales are

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Schedule of Cash Collections of Accounts Receilvable OfficeMart Inc. has "cash and carry" customers monthly sales are to cash customers, while the remaining sales are to credit customers. Of the customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their month following the month of sale. Projected sales for the next three months are as follows: October $114,000 November 143,000 December 209,000 The Accounts Receivable balance on September 30 was $76,000. and credit customers. OficeMart estimates that 20% of credit accounts in the Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales September sales on account: ??? Collected in October Odtober sales on account: Collected in October Collected in November November sales on account Collected in November Collected in December December sales on account: Collected in December Total cash receipts 3/31/2018, 1 of 1

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