Moses, Inc. prepared the following sales budget: 
Collections are 40 percent in the month of sale, 50 percent in the month following the sale, and 10 percent two months following the sale. No uncollectible accounts are anticipated.
Required: Prepare a schedule of cash collections for October through December.
Definitions:
Loftus
Refers to Elizabeth Loftus, a cognitive psychologist known for her work on the malleability of human memory and the misinformation effect.
Trial Witnesses
Individuals who provide testimony in court cases based on what they have seen, heard, or have expert knowledge about.
Misinformation
Incorrect or misleading information that can create false beliefs or memories.
Frederic Bartlett
A pioneering psychologist known for his work on memory and cognitive psychology, emphasizing the importance of schemas in understanding and remembering.
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