Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales. Sales in January and February were $$41,000$ and $$39,000,$ respectively. Experience has shown that of total sales receipts $10$ percent are uncollectible, $40$ percent are collected in the month of sale, $30$ percent are collected in the following month, and $20$ percent are collected two months after sale.

Prepare a mSimpson Glove Company has made the following sales projections for the next six months. All sales are credit sales.

Sales in January and February were $$41,000$ and $$39,000,$ respectively. Experience has shown that of total sales receipts $10$ percent

are uncollectible, $40$ percent are collected in the month of sale, $30$ percent are collected in the following month, and $20$ percent are

collected two months after sale.

Prepare a monthly cash receipts schedule for the firm for March through August.onthly cash receipts schedule for the firm for March through August.