GS 20-18 (Algo) Schedule of cash receipts LO P2 5 X-Tel budgets sales of $108,000 for April, $144,000 for May, and $78,000 for June Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June 11 8 02.2007 X-TEL Schedule of Cath Receipts from Sales April $ 105,000 Sales Cash receipts from: May 144,000 $ June 78,000 Totalcashclots