Wells Company reports the following budgeted sales: September, $47,000; October, $64,000; and November, $81,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectible. Collection of the remaining 95% of credit sales are budgeted as follows: 60% in the first month after sale and 35% in the second month after sale. Prepare a schedule of cash receipts from sales for November.

WELLS COMPANY
Schedule of Cash Receipts from Sales
November
Sales	$81,000
Cash receipts from:
Cash sales
Collection of October sales
Collection of September sales
Total cash receipts	$0