QS 20-19 (Algo) Schedule of cash recelpts LO P2 Music World reports the following budgeted sales: August, $160,000; and September, $170,000. Cash sales are 40% of total sales, and all credit sales are collected In the month following the sale. Prepare a schedule of cash recelpts from sales for September. QS 20-20 (Algo) Schedule of cash recelpts with uncollectlbles LO P2 The Gultar Shoppe reports the following budgeted sales: August, $160,000; and September, $250,000. For Its total sales, 40% are Immedlately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 10% are written off as uncollectlble. Prepare a schedule of cash recelpts from sales for September. Wells Company reports the following budgeted sales: September, $51,000; October, $63,000; and November, $74,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectible. Collection of the remaining 95% of credit sales are budgeted as follows: 60% in the first month after sale and 35% in the second month after sale. Prepare a schedule of cash recelpts from sales for November. QS 20-22 (Algo) Computing budgeted accounts recelvable LO P2 KIngston budgets total sales for June and July of $320,000 and $388,000, respectively. Cash sales are 70% of total sales. Of the credit sales, 25% are collected in the month of sale, 65% are collected during the first month after the sale, and the remaining 10% are collected in the second month after the sale. Determine the amount of accounts recelvable reported on the company's budgeted balance sheet as of July 31. Hint: Determine the percent of June and July sales that are uncollected at July 31