QS 22-19 Cash receipts LO P2 Music World reports the following sales forecast: August, $130,000; and September, $250,000. Cash sales are normally 60% of total sales and all credit sales are expected to be collected in the month following the date of sale. Prepare a schedule of cash receipts for September X Answer is complete but not entirely correct, i MUSIC WORLD Cash Receipts Budget For Month Ended September 30 September cash sales $ 100,000 Collection of accounts receivable 78,000 Total budgeted cash receipts $ 178,000