QS 22-19 Cash receipts LO P2 Music World reports the following sales forecast: August, $170,000; and September, $180,000. Cash sales are normally 40% 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 $ 0 receipts QS 22-20 Cash receipts, with uncollectible accounts LO P2 The Guitar Shoppe reports the following sales forecast: August, $140,000; September, $180,000. Total sales include 35% cash sales, 55% credit sales collected in the month following sale, and 10% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September. THE GUITAR SHOPPE Cash Receipts Budget For Month Ended September 30 Cash receipts from August sales Cash receipts from September sales Total budgeted cash receipts