QS 22-10 Cash receipts budget LO P2 X-Tel budgets sales of $64,000 for April, $100,000 for May, and $68,000 for June In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $12,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and June April May June Cash receipts from 0 Total budgeted cash receipts