5 2 point Exercise 7-18 (Static) Schedule of cash receipts LO P2 Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $525.000 for April, $535,000 for May, and $560,000 for June. Total sales for March are $500,000 Prepare a schedule of cash receipts from sales for April, May, and June BO Het April May June + Print 30% 70% Cash sales Sales on account Total sales $ 0 05 0 $ June JASPER COMPANY Schedule of Cash Receipts from Sales April May Cash receipts from: Cash sales Collection of accounts receivable Total cash receipts