QS 22-20 Cash receipts, with uncollectible accounts LO P2 The Guitar Shoppe reports the following sales forecast August, $200,000; September, $240,000. Total sales include 35% cash sales, 55% credit sales collected in the month following sole, and 10% credit soles written off as uncollectible. Prepare a schedule of cash receipts for September Answer is complete but not entirely correct. THE GUITAR SHOPPE Cash Receipts Budget For Month Ended September 30 Cash receipts from August sales $ 80,000 Cash receipts from September sales 77,000 Total budgeted cash receipts 157,000