9 Exercise 22-18 Budgeted cash receipts LO P2 1 points Jasper Company has sales on account and for cash. Specifically, 60% of its sales are on account and 40% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $529,000 for April, $539,000 for May, and $564,000 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. eBook April May June Cash sales 40% Hint Sales on account 60% Total sales Print JASPER COMPANY Schedule of Cash Receipts For pril, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts