Trapp Co.was organized on August 1 of the current year. Projectedsales for the next three months are as follows:

Trapp Co.was organized on August 1 of the current year. Projectedsales for the next three months are as follows:

August   $100,000

September   185,000

October    225,000

The company expects to sell 40% of its merchandise for cash. Of the sales on account, one third are expected to be collected in the month of the sale and the remainder in the following month.

Required:

Prepare a schedule indicating cash collections of accountsreceivable for August, September, and October.