Exercise $22-18$

Schedule of cash receipts

P$2$

Jasper Company has $70\%$ of its sales on credit and $30\%$ for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $$525,000$ for April, $$535,000$ for May, and $$560,000$ for June. Total sales for March are $$500,000.$ Prepare a schedule of cash receipts from sales for April, May, and June.