Esplanade Company's credit sales have the following historical pattern:

Esplanade Company's credit sales have the following historical pattern: 

  70%   Collected in the month of sale 

 15%    Collected in the first month after sale 

 10%    Collected in the second month after sale 

  4%     Collected in the third month after sale 

  1%     Uncollectible   

These sales on open account (credit sales) have been budgeted for the last six months in 2010: 

    July             $60,000 

    August        $70,000 

   September    $80,000 

   October        $90,000 

   November   $100,000 

   December     $85,000 

1) Determine the estimated total cash collections from accounts receivable during October 2010. 

2) Compute the estimated total cash collections during the fourth quarter from credit sales of the fourth quarter.