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X-Tel budgets sales of $114,000 for April, $144,000 for May, and $90,000 for June. In addition, sales are 50% cash and 50% on credit. All
X-Tel budgets sales of $114,000 for April, $144,000 for May, and $90,000 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 $15,000. Prepare a schedule of budgeted cash receipts for April, May, and June
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