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The following data relates to Acoustic Sales. All sales are on credit. Credit sales are normally settled according to the following pattern: 20 per cent

The following data relates to Acoustic Sales. All sales are on credit. Credit sales are normally settled according to the following pattern: 20 per cent in the month of the sale, 50 per cent in the month following the sale, and the remainder in the second month following the sale.

Actual Estimated
July Ausguet September October November
Credit sales $108000 $92000 $96000 $104000 $95000

REQUIRED Calculate the receipts from accounts receivable for September, October and November of 2016.

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