Exercise 20-18 (Algo) Schedule of cash receipts LO P2 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 $526,000 for April, $536,000 for May, and $561,000 for June. Total sales for March are $297,100. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: Total cash receipts JASPER COMPANY Schedule of Cash Receipts from Sales April May June 526,000 536,000 561,000