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Company has sales on account and for cash. Spedically 60% of its sales are on account and 40% are for cash. Credit sales are collected

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Company has sales on account and for cash. Spedically 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 $528,000 for Aprl, $538,000 for May, and $563,000 for June. The beginning balance of Accounts Recevable is $306.900 on Apni t1 Prepare a schedule of budgeted cash recelpts for April, May, and June 40% Schedule of Cash Receipts

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