X-Tel budgets sales of $44,000 for April, $104,000 for May, and $52,000 for June. Sales are...

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X-Tel budgets sales of $44,000 for April, $104,000 for May, and $52,000 for June. Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June > Answer is complete but not entirely correct. Sales X-TEL Schedule of Cash Receipts from Sales April May June $ 44,000 $ 104,000 $ 52,000 Cash receipts from: Cash sales 17,600 x 41,600 20,800 Collections of prior period sales 7,200 26,400 X 62,400 x Total cash receipts $ 24,800 $ 68,000 $ 83,200 X-Tel budgets sales of $44,000 for April, $104,000 for May, and $52,000 for June. Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $12,000. Prepare a schedule of cash receipts from sales for April, May, and June > Answer is complete but not entirely correct. Sales X-TEL Schedule of Cash Receipts from Sales April May June $ 44,000 $ 104,000 $ 52,000 Cash receipts from: Cash sales 17,600 x 41,600 20,800 Collections of prior period sales 7,200 26,400 X 62,400 x Total cash receipts $ 24,800 $ 68,000 $ 83,200