Yeopay Plumbing Supply accepts bank credit cards and offers established plumbers charge accounts with terms of 1/eom, n/45. Yeopays experience is that 25% of its sales are for cash and bank credit cards. The remaining 75% are on credit. Of the cash sales, 40% pay cash and the remaining 60% pay with bank credit cards. Yeopay receives payments from the bank on credit card sales at the end of the day. However, Yeopay has to pay 3% for these services. An aging schedule for accounts receivable shows the following pattern on credit sales:

20	%	pay in the month of sale.
50	%	pay in the first month following the month of sale.
15	%	pay in the second month following the month of sale.
12	%	pay in the third month following the month of sale.
3	%	are never collected.

All accounts not paid by the end of the second month following the month of sale are considered overdue and are subject to a 2% monthly late charge. Yeopay has prepared the following sales forecasts:

June	$	60,000
July		80,000
August		90,000
September		96,000
October		88,000

Required:

1a.	Prepare a schedule of cash receipts for September. Cash receipts for September should total $86,082. (All percentage answers should be entered as whole numbers. If "Collection %" is 100 percent for a particular period, leave the corresponding cell blank.)

1b.	Prepare a schedule of cash receipts for October. Cash receipts for September should total $88,141. (All percentage answers should be entered as whole numbers. If "Collection %" is 100 percent for a particular period, leave the corresponding cell blank.)