X-Tel budgets sales of $80,000 for April, $104,000 for May, and $80,000 for June. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale.

Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June

X-Tel budgets sales of $80,000 for April, $104,000 for May, and $80,000 for June. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April May June 80,000 Sales $ 80,000 $ 104,000 $ Cash receipts from: Total cash receipts $ 0 $ 0 $ 0