Reference no: EM132514471

Dawn Company reports the following sales forecast:

September, $63,000;

October, $79,000; and

November, $97,000. All sales are on account.

Collections of credit sales are received as follows:

25% in the month of sale,

60% in the first month after sale, and

10% in the second month after sale.

• 5% of all credit sales are written off as uncollectible.

Question 1: Prepare schedule of cash receipts for November.