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The Guitar Shoppe reports the following budgeted sales: August, $ 1 2 0 , 0 0 0 ; and September, $ 1 8 0 ,

The Guitar Shoppe reports the following budgeted sales: August, $120,000; and September, $180,000. For its total sales, 35% are immediately collected in cash, 55% are credit sales and collected in the month following sale, and the remaining 10% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September.
\table[[THE GUITAR SHOPPE],[Schedule of Cash Receipts from Sales],[,September],[Sales,,$,180,000],[Cash receipts from:],[-,grad,,],[Total cash receipts,,,]]
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