70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. the sales on account have been budgeted for the last seven months as follows: june $ 49,000 july 60,000 august 70,000 september 80,000 october 90,000 november 100,000 december 85,000 required: 1. compute the estimated total cash collections during october from credit sales. 2. compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.
