Photo attached Fiscal Company has the following sales budget for the last six months of20X5:$ 90,000JulyAugustSeptember$100,00080,000110,000OctoberNovember 100,000December 94,000Historically, the cash collection of sales has been as follows:65% of sales collected in the month of sale,25% of sales collected in the month following the sale,8% of sales collected in the second month following the sale, and2% of sales are uncollectible.a. What is the amount for cash collected for Sept and Octb. What is the ending balance of accounts receivable for September, assuminguncollectible balances are written off during the second month following thesale?

The cash collection schedule is prepared to record the cash collected during the period. Part a. Cash collection schedule September October Collection for July sales $8,000 Collection for August sales $20,000 $6,400 Collection for September sales $71,500 $27,500 Total amount of cash collected $99,500 $33,900 Part b. Calculation of account receivables balance for September August Balance (10% of 80,000) $8,000 September balance (35% of 110,000) $38,500 Total account receivables at end of September $46,500