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Chapter 7 question 6The last fill in the blanks in the blue chart is total budgeted cash receipts Check my work Jasper Company has sales

Chapter 7 question 6The last fill in the blanks in the blue chart is total budgeted cash receipts

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Check my work 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 $515,000 for April, $525,000 for May, and $550,000 for June. The beginning balance of Accounts Receivable is $295,500 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June ed Cash sales 45% Sales on account 55% K Total sales $ 0 $ 0 $ 0 JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable

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