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Exercise 2 2 - 1 8 ( Algo ) Schedule of cash receipts LO P 2 Jasper Company has 6 0 % of its sales

Exercise 22-18(Algo) Schedule of cash receipts LO P2
Jasper Company has 60% of its sales on credit and 40% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $523,000 for April, $533,000 for May, and $558,000 for June. Total sales for March are $297,800.
Prepare a schedule of cash receipts from sales for April, May, and June.
\table[[JASPER COMPANY],[Schedule of Cash Receipts from Sales],[Sales,April,May,June],[Cash receipts from:,523,000,533,000,558,000],[,,,],[,,,],[Total cash receipts,,,]]
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