Schedule of Cash Collections on Accounts Receivable and Cash Budget Roybal inc. sells all of its product on account. Roybal has the following accounts receivable payment experience: To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few months are as follows: Required: 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers