Ch. 7 - 18: Prepare a schedule of budgeted cash receipts for April-June.

Exercise 7-18 Budgeted cash receipts LO P2 10 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 $524,000 for April, $534,000 for May, and $559,000 for June. The beginning balance of Accounts Recelvable is $293,300 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. eBook May Cash sales 40% Sales on account 60% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June Print April May June References Cash receipts from Cash sales Collection of accounts receivable Total budgeted cash receipts