Chapter 7 Homework Help Save Ch 6 Jasper Company has sales on account and for cash. Specifically, 55% of its sales are on account and 45% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of 520,000 for April, $530,000 for May, and $655,000 for June. The beginning balance of Accounts Receivable is $290,300 on April 1. Prepare a schedule of budgeted cash receipts for April May, and June 2 points April May June Cath sales 45% $5% book Sales on macount Total sales $ 0 $ 0 $ 0 JASPER COMPANY May June Schedule of Cash Receipts For April May, and June April Cash receipts from Cash sains Collection of accounts receivable Total budgeted cash receipts