QS 20-10 Cash receipts budget LO P2 x-Tel budgets sales of $96,000 for April, $150,000 for May, and $108,000 for June In addition, sales are 50% cash and 50% on credit. All credit sale s are collected in the month following the sale. The April 1 balance in accounts receivable is $12.000. Prepare a schedule of budgeted cash receipts for April, May, and June Cash Receipts Budget s 96,000 150,000 $ 108,000 48,000 48.000 54,000 Total cash receipts