Question: QS 2 0 - 1 9 ( Algo ) Schedule of cash receipts LO P 2 Music World reports the following budgeted sales: August, $

QS 20-19(Algo) Schedule of cash receipts LO P2
Music World reports the following budgeted sales: August, $120,000; and September, $220,000. Cash sales are 50% of total sales, and all credit sales are collected in the month following the sale. Prepare a schedule of cash receipts from sales for September.
\table[[MUSIC WORLD],[Schedule of Cash Receipts from Sales],[Sales,September],[Cash receipts from:,$220,000
QS 20-19(Algo) Schedule of cash receipts LO P2 Music World reports

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