Exercise $22-18($Algo$)$ Schedule of cash receipts LO P$2$

Jasper Company has $57\%$ of its sales on credit and $43\%$ for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $$520,000$ for April, $$530,000$ for May, and $$555,000$ for June. Total sales for March are $$299,500.$

Prepare a schedule of cash receipts from sales for April, May, and June.

$\backslash$table$[[$JASPER COMPANY$],[$Schedule of Cash Receipts from Sales$],[,,$April,,May,,June$],[$Sales$,,520,000,,530,000,,555,000],[$Cash receipts from:$],[$Cash sales,$$,223,600,$$$,227,900,$$$,238,650],[$Collections of prior period sales$],[$Total cash re$,,,,,,]]$