Question: Please solve part 2 and show the steps in Excel, thank you. Exercise 9-24 Cosh Collections (LO 9-3, 9-5) Coyote Loco, lhc., a distributor of

Please solve part 2 and show the steps in Excel, thank you.

Please solve part 2 and show the steps in Excel, thank you.

Exercise 9-24 Cosh Collections (LO 9-3, 9-5) Coyote Loco, lhc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month atier 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: Recuired: 1. Compute the estimated total cash collections during October from credin sales. 2. Compuse the estimated tocal cash collections during the fourth quarter from sales made con account during the fourth quarter. Answer is complete but not entirely correct

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