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The Guitar Shoppe reports the following budgeted sales: August, $ 1 1 0 , 0 0 0 ; and September, $ 2 4 0 ,

The Guitar Shoppe reports the following budgeted sales: August, $110,000; and September, $240,000. For its total sales, 35% are immediately collected in cash, 45% are credit sales and collected in the month following sale, and the remaining 20% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September.
\table[[THE GUITAR SHOPPE],[Schedule of Cash Receipts from Sales],[,September],[Sales,$,240,000
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