Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 30% of monthly sales are to cash customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in for the next three months are as follows: October November December $133,000 166,000 243,000 The Accounts Receivable balance on September 30 was $89,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest who OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October 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 $ 39,900 89,000 November December 49,800 $ 72,900 49,800