20 q 9

9 X-Tel budgets sales of $60,000 for April, 596,000 for May, and $40,000 for June, Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. Total sales for March were $14,000. Prepare a schedule of cash receipts from sales for April May, and June 5 points X-TEL Schedule of Cash Receipts from Sales April 50,000 $ Book May 95.000 $ June 40,000 Sales Cash receipts from References Total cash receipts