Check my work Jasper Company has sales on account and for cash. Specifically, 58% of its sales are collected In full in the month following the sale. The company forecasts sales of $521,000 for April, $531,000 for May and $556,000 for June. The beginning balance of Accounts Receivable is $294,700 on April 1 sales are on account and 42% are for cash. Credit Prepare a schedule of budgeted cash receipts for April, May, and June. May June Cash sales 42% Sales on account 58% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts K Prex 2 of 8E Next>