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5 Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales
5 Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $524,000 for April, $534,000 for May, and $559,000 for June. The beginning balance of Accounts Receivable is $302,700 on April 1. 16.66 points Prepare a schedule of budgeted cash receipts for April, May, and June. April May June cBook Cash sales 41% Hint Sales on account 59% Print Total sales References JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable May June Total budgeted cash receipts
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