X-Tel budgets sales of $64,000 for April, $116,000 for May, and $52,000 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 Sales Cash receipts from: Total cash receipts April May June $ 64,000 $ 116,000 $ 52,000

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QS 20-18 (Algo) Schedule of cash receipts LO P2
X-Tel budgets sales of $64,000 for April, $116,000 for May, and $52,000 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
Sales
Cash receipts from:
Total cash receipts
April
May
June
$
64,000 $
116,000 $
52,000
Transcribed Image Text:QS 20-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $64,000 for April, $116,000 for May, and $52,000 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 Sales Cash receipts from: Total cash receipts April May June $ 64,000 $ 116,000 $ 52,000
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