Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry customers and credit customers. Office World estimates that 20% 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 sale. Projected sales for the next three months of 2014 are as follows: August $132,000 September 165,000 242,000 The Accounts Receivable balance on July 31, 2014, was $88,000