X-Tel budgets sales of $108,000 for April, S162,000 for May, and $96,000 for June In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale The April 1 balance in accounts receivable is $16.000. Prepare a schedule of budgeted cash receipts for April May, and June X-TEL Cash Receipts Budget For April, May, and June April May June Sales Add Ending accounts receivable Cash receipts from Cash sales Collections of prior month's receivables Total budgeted cash receipts S os 0 $ 0