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ControlWells Company reports the following budgeted sales: September, $ 4 5 , 0 0 0 ; October, $ 5 7 , 0 0 0 ;

ControlWells Company reports the following budgeted sales: September, $45,000; October, $57,000; and November, $80,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectible. Collection of the remaining 95% of credit sales are budgeted as follows: 60% in the first month after sale and 35% in the second month after sale. Prepare a schedule of cash receipts from sales for November.
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