Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $113,000 November 141,000 December 207,000 The Accounts Receivable balance on September 30 was $76,000.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Schedule of Cash Collections of Accounts Receivable

Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:

October $113,000
November 141,000
December 207,000

The Accounts Receivable balance on September 30 was $76,000.

Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.

Office World Inc.
Schedule of Collections from Sales
For the Three Months Ending December 31
  October November December
Receipts from cash sales:      
Cash sales $ $ $
September sales on account:      
Collected in October      
October sales on account:      
Collected in October      
Collected in November      
November sales on account:      
Collected in November      
Collected in December      
December sales on account:      
Collected in December      
Total cash receipts $ $ $
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