Schedule of Cash Collections on Accounts Receivable and Cash Budget Erewon Inc. sells all of its product on account. Erewon has the following accounts receivable payment experience: To encourage payment in the month of sale, Erewon gives a 2% cash discount. The company's anticipated sales fo 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. From May 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 as whole numbers