X-Tel budgets sales of $84,000 for April, $120,000 for May, and $78,000 for June In addition, sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $12,000. Prepare a schedule of budgeted cash receipts for April May, and June Cash Recipes Budget For April May and Juno April May Sales $ 84.000 $120.000 $ Loss Ending dccounts receivable 33.600 48.000 Cash receipts from Cash sales 50,400 72.000 Collections of prior month's receivables Total budgeted cash receipts $ 50.400 5 72.0005 June 78,000 31,200 46.800 46 800