X-Tel budgets sales of $70,000 for April, $125,000 for May, and $65,000 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 $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 June Cash receipts from: Total budgeted cash receipts $ 05 0$ 0