QS 20-10 Cash receipts budget LO P2 X-Tel budgets sales of $114,000 for April, $174,000 for May, and $66,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $15,000. Prepare a schedule of budgeted cash receipts for April May, and June. May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of prior month's receivables Total budgeted cash receipts $ 0 $ 0 $ 0