Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 40% pay their accounts in the month of sale, while the remaining 60% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October November December The Accounts Receivable balance on September 30 was $290,000 Prepare a schedule of cash collections from sales for October, November, and December. Enter all amounts as positive numbers. $700,000 650,000 500,000 Office World Inc. Schedule of 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 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 collected