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Blair is a retailer of assorted baby products. The sales forecast for the coming months...

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Accounting

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Blair is a retailer of assorted baby products. The sales forecast for the coming months is: April (actual) May (actual) June July August Revenues $180,000 $204,000 $219,000 $250,000 $233,000 All sales are credit sales. The cash collection pattern is 20% in the month of sale, 65% in the month following the sale, and the remainder in the second month following the sale Accounts receivable on June 1 were $190,200. a. Prepare a cash receipts schedule for the period June through August (by month). June July August ] Month of Sale Month Following 2nd Month Total Collection $ 0 0 0 $ $ b. What will the Accounts Receivable balance be on August 317

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