QS 20-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $65,000 for April, $140,000 for May, and $50,000 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 $15,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales Sales Cash receipts from: Total cash receipts April May June $ 65,000 $ 140,000 $ 50,000