The Guitar Shoppe reports the following budgeted sales: August, $150,000; and September, $240,000. 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 September Sales $ 240.000 Cash receipts from: Total cash receipts