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Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000. All sales are on account- Collections of credit sales are received

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Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000. All sales are on account- Collections of credit sales are received as follows: 25% in the month of sale. 60% in the first month after sale, and 10% in the second month after sale 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November

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