X-Tel budgets sales of $66,000 for April, $138,000 for May, and $78,000 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 $16.000. Prepare a schedule of budgeted cash receipts for April May, and June X-TEL Cash Receipts Budget For April, May, and June April June 66 000 $ 138.000 5 78 000 330001 69,000 39.000 Cash sales Less Ending accounts receivable Cash receipts from Accounts receivable Cash sales Total budgeted cash receipts 33 000 33.000 56.000 690001 69000 138.000 39 000 39.000 78,000 $ 5 $