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

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Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay 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 $127,000 159,000 232,000 The Accounts Receivable balance on September 30 was $85,000. November Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 Caen sales colected in October Co n October

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