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Music World reports the following sales forecast August, $150,000; and September, $200,000. Cash sales are normally 40% of total Sales and all credit sales are

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Music World reports the following sales forecast August, $150,000; and September, $200,000. Cash sales are normally 40% 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 OK MUSIC WORLD Cash Receipts Budget For Month Ended September 30 September cash salos $ 120,000 Collection of accounts receivablo Total budgeted cash receipts $ 120,000 ant

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