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X-Tel budgets sales of $100,000 for April, $115,000 for May, and $90,000 for June. Sales are 50% cash and 50% on credit. All credit
X-Tel budgets sales of $100,000 for April, $115,000 for May, and $90,000 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 $10,000. Prepare a schedule of cash receipts from sales for April, May, and June Sales Cash receipts from: Total cash receipts X-TEL Schedule of Cash Receipts from Sales April May June $ 100,000 $ 115,000 $ 90,000 69 $ 0 0 $ 0
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