) X-Tel budgets sales of $64,000 for April, $88,000 for May, and $48,000 for June. wok ences In addition, sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $11,000. 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 $ 64,000 $ 88,000 $ 48,000 Less: Ending accounts receivable 25,600 35,200 19,200 Cash receipts from: Collections of prior month's receivables 11,000 25,600 35,200 Total budgeted cash receipts $ 11,000 $ 25,600 $ 35,200 C