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Ballentine Company expects sales for June, July, and August of $63,000, $69,000, and $59,000, respectively....

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Accounting

Ballentine Company expects sales for June, July, and August of $63,000, $69,000, and $59,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 55% of its credit sales in the month following sale, 40% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales

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