Question: Please help fill in blue boxes. Question 8. J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $63,

Please help fill in blue boxes. Question 8.

J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $63, 000 Fourth Quarter October $53 , 000 November 48, 000 December 73, 000 Experience has shown that 15 percent of sales are collected in the month of sale, 60 percent are collected in the following month, and 25 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). J. Lo's Clothiers September October November December Credit sales In month of sales One month after sales Total cash receipts 0 O $ 0

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