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 5% monthly late charge. Yeopay has prepared the following sales forecasts:

June	$ 100,000
July	160,000
August	170,000
September	216,000
October	128,000

Required:

1a. Prepare a schedule of cash receipts for September. Cash receipts for September should total $176,304.

1b. Prepare a schedule of cash receipts for October. Cash receipts for October should total $165,677.