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QS 20-19(Algo) Schedule of cash receipts LO P2 Music World reports the following...

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Accounting

QS 20-19(Algo) Schedule of cash receipts LO P2
Music World reports the following budgeted sales: August, $190,000; and September, $240,000. Cash sales are 40% 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:,$240,000
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