=+El 3-13 Schedule ofcash collections ofaccounts receivable Obj 2 SPREADSHEET V Total cash collected in January, $307,600 Office Warehouse Supplies Inc. has “cash and carry” customers and credit customers. Office Warehouse estimates that 40% of monthly sales are to cash customers, while the remaining sales are to credit customers. Ofthe credit customers, 30% pay their accounts in the month ofsale, while the remaining 70% pay their accounts in the month following the month ofsale. Projected sales for the first three months of 2008 are as follows: