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QS 2 2 - 1 8 ( Algo ) Schedule of cash receipts LO P 2 X - Tel budgets sales of $ 7 5

QS 22-18(Algo) Schedule of cash receipts LO P2
X-Tel budgets sales of $75,000 for April, $115,000 for May, and $85,000 for June.
Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $11,000. Prepare a schedule of cash receipts from sales for April, May, and June.
Please show calculations.
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