X-Tel budgets sales of $85,000 for April, $145,000 for May, and $55,000 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 $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June. X-TEL Cash Receipts Budget For April, May, and Juno April May June Cash receipts from: ces Total budgeted cash receipts X-Tel budgets sales of $60,000 for April, $145,000 for May, and $95,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $6,000 per month. Sales commissions and salaries are paid in the month Incurred. Prepare a selling expense budget for April, May, and June. X-TEL Selling Expense Budget For April, May, and June April May June Budgeted sales Sales commissions