33 its 00:41:26 QS 20-20 (Algo) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports the following budgeted sales: August, $150,000; and September, $260,000. For its total sales, 30% are Immediately collected in cash, 55% are credit sales and collected in the month following sale, and the remaining 15% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September. THE GUITAR SHOPPE Schedule of Cash Receipts from Sales Book Sales September 260,000 Cash receipts from 10 10 Collections of prior period sales Cash sales 410,000 Total cash receipts $ 410,000 Print References