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Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has cash and carry customers and credit customers. OfficeMart estimates that 20% 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 20% 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 follows: $110,000 138,000 December 200.000 The Accounts Receivable balance on September 30 was $74,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. Om Martine Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receitstrom cash sales Cash September on account Colected in October Octobernant Cancer November Cover December December Con December To

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