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QS 2 0 - 1 8 ( Algo ) Schedule of cash receipts LO P 2 X - Tel budgets sales of $ 1 0

QS 20-18(Algo) Schedule of cash receipts LO P2
X-Tel budgets sales of $108,000 for April, $156,000 for May, and $96,000 for June.
Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June
\table[[X-TEL],[Schedule of Cash Receipts from Sales],[,April,May,June],[Sales,$,108,000,$,156,000,$,96,000],[Cash receipts from:],[,,,,,,],[,,,,,,],[Total cash receipts,$,0,$,0,$,0]]
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