QS 22-19 Cash receipts LO P2 Music World reports the following sales forecast: August, $160,000; and September, $260,000. 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. MUSIC WORLD Cash Receipts Budget For Month Ended September 30 September cash sales Collection of accounts receivable Total budgeted cash receipts