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Secure https://newconnect.mheducation t.html?isRegatrue&returnUr; Ishttps%3A%2F%2Fconnect.mheducation.com%2 Fpaamweb%2Fin G Google )?Connect .. Cengage?Cambridge Diction. EasyBib Citation st. Chegg Study l Guid. D E SPN D tono a w wkay.co nlenha Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Return to qu X-Tel budgets sales of $60,000 for April, $150,000 for May, and $95,000 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 balan accounts recelvable is $19,000. Prepare a schedule of budgeted cash receipts for April, May, and June. 8.33 points Answer is not complete Cash Receipts Budget For April, May, and June June $ 60,0001 150,000 $ 95,000 Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of prior month's Total cash receipts 19,000 19,000 S 0 Prey 3of6? Next >Explanation / Answer
cash receipts budget
April
may
june
sales
60000
150000
95000
less ending accounts receivables
95000*60%
57000
cash receipts from
cash sales-40% of month sale
24000
60000
38000
collection of prior month accounts receivables
60% of previous month sale
19000
36000
90000
total cash receipts
43000
96000
128000
cash receipts budget
April
may
june
sales
60000
150000
95000
less ending accounts receivables
95000*60%
57000
cash receipts from
cash sales-40% of month sale
24000
60000
38000
collection of prior month accounts receivables
60% of previous month sale
19000
36000
90000
total cash receipts
43000
96000
128000