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X - Tel budgets sales of $ 5 5 , 0 0 0 for April, $ 1 2 0 , 0 0 0 for May,

X-Tel budgets sales of $55,000 for April, $120,000 for May, and $55,000 for June.
Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June
\table[[X-TEL],[Schedule of Cash Receipts from Sales],[,April,May,June],[Sales,$,55,000,$,120,000,$,55,000],[Cash receipts from:],[Cash sales,,27,500,,60,000,,27,500],[Collections of prior period sales,,6,500,,,,],[Total cash receipts,$,34,000,$,60,000,$,27,500]]
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