X-Tel budgets sales of $65,000 for April, $135,000 for May, and $65,000 for Junie. 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 $20,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X TEL Cash Receipts Budget For April May, and June April Sales Less Ending accounts receivable Cash receipts from Cash sales Collections of prior month's receivables Total budgeted cash receipts $ 05 0 S 0