X-Tel budgets sales of $85,000 for April, $135,000 for May, and $50,000 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 $13,000. 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 0 S 0 S Total budgeted cash receipts