QS 22-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $85,000 for April, $135,000 for May, and $65,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April May $ 85,000 $ 135,000 $ June 65,000 Sales Cash receipts from: Accounts receivable Total cash receipts CA $ $ $ 0