Wells Company reports the following budgeted sales: September, $51,000: October $67,000; and November, $73,000. 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 ofter sale. Prepare a schedule of cash receipts from sales for November WELLS COMPANY Schedule of Cash Receipts from Sales November Sales S Cash receipts from 73.000 Total cash receipts