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X-Tel budgets sales of $90,000 for April, $135,000 for May, and $60,000 for June. In...

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Accounting

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X-Tel budgets sales of $90,000 for April, $135,000 for May, and $60,000 for June. In addition, sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $17,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and June April May June Cash receipts from: Total budgeted cash receipts

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