1. Prepare a cash receipts budget for July, August, and September.

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(1) Prepare a cash receipts budget for July, August, and September BUILT-TIGHT Cash Receipts Budget For July, August, and September July August September 64,000 80,000 $48,000 Sales Less: ending accounts receivable Cash receipts from: 54,000 80,000 48,000 Total cash receipts $64,00080,000 $48,000