QS 20-20 (Static) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports the following budgeted sales August, $150,000, and September, $170,000. For its total sales, 40% are immediately collected in cash, 55% are credit sales and collected in the month following sale, and the remaining 5% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September THE GUITAR SHOPPE Schedule of Cash Receipts from Sales September $ 170,000 Sales Cash receipts from + Total cash receipts $ 0