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QS 20-20 (Algo) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports the following budgeted sales: August, $130,000; and September, $180,000. For its total sales, 40% are Immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 10% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September THE GUITAR SHOPPE Schedule of Cash Receipts from Sales September Sales $ 180.000 Cash receipts from: Cash sales Collections of prior period sales Total cash receipts