OBJ. 5 V Total cash collected in August, $128,000 EX 22-19 Schedule of cash collections of accounts receivable Office Universe Supplies Inc. has “cash and carry" customers and credit customers. Office...

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I was wondering if you maybe have results for these budgets as I have problem solving them!

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Extracted text: OBJ. 5 V Total cash collected in August, $128,000 EX 22-19 Schedule of cash collections of accounts receivable Office Universe Supplies Inc. has “cash and carry" customers and credit customers. Office Universe estimates that 25% 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 of 2012 are as follows: August September $120,000 150,000 October 220,000 The Accounts Receivable balance on July 31, 2012, was $80,000. Prepare a schedule of cash collections from sales for August, September, and October.