The Guitar Shoppe reports the following sales forecast: August, $110,000; and September, $200,000. Total sales include 35% cash sales, 50% of credit sales collected in the month following sale, and the remaining 15% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September.

6 The Guitar Shoppe reports the following sales forecast: August, $110,000; and September, $200,000. Total sales include 35% cash sales, 50% of credit sales collected in the month following sale, and the remaining 15% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September. THE GUITAR SHOPPE 4 points Cash Receipts Budget For Month Ended September 30 Cash receipts from August sales Cash receipts from September sales Total budgeted cash receipts