X-Tel budgets sales of $114,000 for April, $156,000 for May, and $66,000 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 $10,000. Prepare the schedule of budgeted cash receipts for April, May, June.

X-Tel budgets sales of $114,000 for April, $156,000 for May, and $66,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month accounts receivable is $10,000. Prepare a schedule of budgeted cash receipts for April, May, May June X-TEL Cash Receipts Budget For April, May, and June April Sales S 114,000 Less: Ending accounts receivable Cash receipts from: Cash sales Collections of prior month's receivables Total budgeted cash receipts