Acct440 Managerial Accounting: Trapp Co. was organized on August 1 of the current year

Acct440 Managerial Accounting 

Trapp Co. was organized on August 1 of the current year. Projected sales 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. 

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