connect ACCOUNTING 20 Quick Study Exercises Part 2 Question 2 (of 11) value: 300 points QS 20-10 Cash receipts budget LO P2 X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales are 40% cash and 60% on credit. Au credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $15,000. Prepare a schedule of budgeted cash receipts for Apnil, May, and June. X-TEL Cash Receipts Budget For April, May, and June April May June Cash receipts from Total cash receipts References eBook & Resources Worksheet MacBook Air