Check my work Exercise 22-18 Budgeted cash receipts LO P2 6.66 points Jasper Company has sales on account and for cash. Specifically, 61% of its sales are on account and 39% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $534,000 for April, $544,000 for May, and $569,000 for June. The beginning balance of Accounts Receivable is $297,000 on April 1. eBook Prepare a schedule of budgeted cash receipts for April, May, and June Hint Print $ $ Cash sales Sales on account Total sales 39% 61% April 534,000 325,740 859,740 May 544,000 $ 331,840 875,840 $ June 569,000 347,090 916,090 $ $ May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales $ 534,000 $ Collection of accounts receivable 297,000 Total budgeted cash receipts $ 831,000 544,000 $ 569,000