The company expects the following sales amount for the month of the upcoming year

April $100,000

May $120000

June $125000

July $118000

August $129800

September $130000

October $143000

The companies past collection pattern is 10% in the month of sale, 70% in the following month of sale, 18% in the 2nd month of sale, and 2% uncollectable.

A) prepare the expected collected cash for the third quarter (July, August, September, and a total for the quarter)

B) What is the account receivable balance at the end of September?