Wells Company reports the following sales forecast: September, $46,000; October, $67,000; and November, $78,000. All sales are on account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November.

WELLS COMPANY
Budgeted Cash Receipts
For Month Ended November 30
Cash receipts from November cash sales
Collection of Octobers sales
Collection of Septembers sales
Total budgeted cash receipts