QS 20-6 Cash budget LO P2 Liza's predicts sales of $45,000 for May and $54,000 for June Assume 50 % of Liza's sales are for cash. The remaining 50 % are credt sales, these customers pay in the month following the sale Compute the budgeted cash receipts for June. Budgeted sales Less ending accounts receivable Cash sales Collections of last month's receivables Total budgeted cash receipts