Schedule of Cash Collections of Accounts Receivable

Schedule of Cash Colections of Actounts Hocovable Innovatve Office ine, hes "cash and carry" customers and credt customers. Innovative Office estatiates that 305 of monthly sales ate to cash eustomers, while the remaning sales are to credit curtomen, of the crodit customen, 2514 pay their accounts in the month of sale, while the remaenig 754 pay their socounts in the month folowng the maedi of cale. Piojected saies tor the first three months of 20 a are as folows: The Accounts Receivable balance on December 31,20 , was $90,000. Prepare a schedule of cash colectiens from sales for January, February, and Masch