X-Tel budgets sales of $68,000 for April, $112,000 for May, and $80,000 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 $14,000. 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 Cash receipts from Total cash receipts