ent-Ch. 20 Question 10 (of 11) value: 3.00 points Jasper Company are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $531.000 for Apnil $541,000 for May, and $566,000 for June. The beginning balance of Accounts has sales on account and for cash. Specifically, 63% of its sales are on account and 37% Receivable is $293,700 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales Sales on account 37%rs 196 47ofs 200. 17ofs 209.420 356,580 531,000 S 541,000 S 566.000 63% 334,530 340,830 Total sales JASPER COMPANY Cash Receipts Budget For April, May, and June April May June Cash receipts from Cash sales s196 470 200.170 S 209 420 Collection of accounts receivable 293.700 S 490,170 Total cash receipts References Type here to search