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Item 6

Item 6 2 points Jasper Company has sales on account and for cash. Specifically, 56% of its sales are on account and 44% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $516,000 for April, $526,000 for May, and $551,000 for June. The beginning balance of Accounts Receivable is $296,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.