The Guitar Shoppe reports the following sales forecast: August, $120,000; September, $260,000. Total sales include 35% cash sales, 45% credit sales collected in the month following sale, and 20% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September.

THE GUITAR SHOPPE
Cash Receipts Budget
For Month Ended September 30
Cash receipts from August sales
Cash receipts from September sales
Total budgeted cash receipts