Morrissey Law Firm has found from past experience that twenty percent of its services are for cash. The remaining eighty percent are on credit. An aging schedule for accounts receivable reveals the following pattern:

a) Ten percent of fees on credit are paid in the month that service is rendered.
b) Seventy percent of fees on credit are paid in the month following legal service.
c) Seventeen percent of fees on credit are paid in the second month following the legal service.
d) Three percent of fees on credit are never collected.

Fees that have not been paid until the second month following performance of the legal service are considered overdue and are subject to a three percent late charge.
Morrissey has developed the following forecast of fees:

• May 230,000€
• June 250,000€
• July 240,000€
• August 240,000€
• September 290,000€

Required: Prepare a schedule of cash receipts for August and September