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X-Tel budgets sales of $102,000 for April, $174,000 for May, and $114,000 for June. Sales are 40% cash and 60% on credit. All credit sales
X-Tel budgets sales of $102,000 for April, $174,000 for May, and $114,000 for June. Sales are 40% cash and 60% 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 X-TEL Schedule of Cash Receipts from Sales April $ 102,000 $ May 174,000 June 114,000 $ Sales Cash receipts from: Total cash receipts
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