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QS 2 0 - 2 0 ( Algo ) Schedule of cash receipts with uncollectibles LO P 2 The Guitar Shoppe reports the following budgeted

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, $220,000. For its total sales, 30% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 20% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September.
\table[[THE GUITAR SHOPPE],[Schedule of Cash Receipts from Sales],[,September],[Sales,$
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