QS 20-19 (Algo) Schedule of cash receipts LO P2 Music World reports the following budgeted sales: August, $140,000; and September, $230,000. Cash sales are 60% of total sales, and all credit sales are collected in the month following the sale. Prepare a schedule of cash receipts from sales for September. MUSIC WORLD Schedule of Cash Receipts from Sales Sales Cash receipts from: Cash sales Collections of prior period sales Total cash receipts September 230,000