chp 23 q11

The Guitar Shoppe reports the following budgeted sales August, $140,000; and September, $250,000. For its total sales, 35% are immediately collected in cash, 50% 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 $ 250.000 Sales Cash receipts from Total cash receipts $ 0