The LaPann Company has obtained the following sales forecast data: July August September October Cash Sales $80,000 $70,000 $50,000 $60,000 Credit Sales $240,000 $220,000 $180,000 $200,000 The regular pattern of collection of credit sales is 30% in the month of sale and 70% in the month following the month of sale. There are no bad debts.

a. The budgeted accounts receivable balance on September 30th ?

b. The budgeted cash receipts for September ?