Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry customers and credit customers. Office World estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers of the credit customers, 20% pay their accounts in the month of sale while the remaining 80% pay their accounts in the month following the month of Projected sales for the next three months are as follows: October S122,000 November 153,000 December 223,000 The Accounts Receable balance on September 30 was 582,000 Prepare a schedule of cash collections from sales for October November, and December, Round all calculations to the nearest whole dollar. Office World Inc. Schedule of Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales XS September sales on account Collected in October October sales on account: Collected in October Collected in November The Accounts Receivable balance on September 30 was $82,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. December Office World Inc. Schedule of Collections from Sales For the Three Months Ending December 31 October November Receipts from cash sales: Cash sales X $ September sales on account: Collected in October October 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 Feedback