Schedule of Cash Collections of Accounts Receivable OfficeMart Inc.

Schedule of Cash Collections from Sales

For the Three Months Ending December $31$

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, $30\%$ pay their accounts in the month of sale, while the remaining $70\%$ pay their accounts in the month following the month of sale.

Projected sales for the next three months are as follows:

The Accounts Receivable balance on September $30$ was $$35,000.$

Prepare a schedule of cash collections from sales for October, November, and December. Enter all amounts as positive numbers.

OfficeMart Inc.