QS 22-18 (Algo) Schedule of cash receipts LO P2

X-Tel budgets sales of $56,000 for April, $116,000 for May, and $64,000 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 $14,000. Prepare a schedule of cash receipts from sales for April, May, and June

QS 22-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $56,000 for April, $116,000 for May, and $64,000 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 $14,000. Prepare a schedule of cash receipts from sales for April, May, and June