X-Tel budgets sales of $72,000 for April, $150,000 for May, and $96,000 for June In addition, sales are 40% cash and 60% 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 Cash receipts from: Total budgeted cash receipts