The Guitar Shoppe reports the following budgeted sales: August, $200,000; and September, $190,000. For its total sales, 35% are immediately collected in cash, 45% are credit sales and collected in the month following sale, and the remaining 20% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September. Wells Company reports the following budgeted sales: September, $57,000; October, $72,000; and November, $75,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectible. Collection of the remaining 95% of credit sales are budgeted as follows: 60% in the first month after sale and 35% in the second month after sale. Prepare a schedule of cash receipts from sales for November. Kingston budgets total sales for June and July of $420,000 and $488,000, respectively. Cash sales are 65% of total sales. Of the credit sales, 15% are collected in the month of sale, 70% are collected during the first month after the sale, and the remaining 15% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31. Hint: Determine the percent of June and July sales that are uncollected at July 31