Homework Answers
Schedule of expected cash collections
| Collections from | July | August | September | Accounts receivable |
| May | $16,000 | $0 | ||
| June | $95,000 | $19,000 | $0 | |
| July | $96,000 | $120,000 | $24,000 | $0 |
| August | $112,000 | $140,000 | $28,000 | |
| September | $80,000 | $120,000 | ||
| Total | $207,000 | $251,000 | $244,000 | $148,000 |
Amount of accounts receivable =$148,000
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Please give the details how to get the answers. Thanks!
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