X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June In addition, sales are 40% cash and 60% 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 X-TEL Cash Receipts Budget For April May, and June April May Cash receipts from Total cash receipts