QS 20-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $108,000 for April, $144,000 for May, and $66,000 for June. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. 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 $ 108,000 $ 144,000 $ 66,000