Music World reports the following sales forecast: August, $100,000; and September, $190,000. Cash sales are normally 50% of total sales and all credit sales are expected to be collected in the month following the date of sale. Prepare a schedule of cash receipts for September.

MUSIC WORLD
Cash Receipts Budget
For Month Ended September 30
September cash sales
Collection of accounts receivable
Total budgeted cash receipts