The Guitar Shoppe reports the following budgeted sales: August, $140,000, and September, $260,000. For its total sales, 40% are immediately collected in cash, 55% are credit sales and collected in the month following sale, and the remaining 5% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September THE GUITAR SHOPPE Schedule of Cash Receipts from Sales Soptumber Sales $ 260,000 Cosh receipts from Cash sales Collections of prior period salos Total cash receipts