Schedule of Cash Collections on Accounts Receivable and Cash Bu Roybal Inc. sells all of its product on account. Roybal has the Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale To encourage payment in the month of sale, Roybal gives a 2% cash anticipated sales for the next few months are as follows: April May $199,500 260,400 273,000 252,000 June My August 315,000 Required: 1. Prepare a schedule of cash receipts for July. Be centages as whole numbers Raybal Inc. Schedule of Cash Receipts For July Payments on account: Check My Work 5 more Check My Work uses remaining Calculator Printem 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. Reybal Inc. Schedule of Cash Receipts For July Payments on account: From Mary credit sales: From June credit sales: From July credit sales: Less: July cash discount Cash receipts 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages a whole numbers Calculator Print item Cash receipts 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts For August Payments on account: From June credit sales: From July credit sales: From August credit sales: Less: August cash discount Cash receipts