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[ The following information applies to the questions displayed below. ] Beech Corporation is a merchandising company that is preparing a master budget for the

[The following information applies to the questions displayed below.]
Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below:
\table[[,\table[[Beech Corporation],[Balance Sheet],[June 30]]],[,],[Assets,],[Cash,$2,000
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Prepare a schedule of expected cash collections for July, August, and September. Also, comp quarter ended September 30.
\table[[Schedule of Expected Cash Collections],[,,Month,,Quarter],[,July,August,September],[From accounts receivable,$136,500,,,$136,500
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