Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 55% of its sales on credit and 45% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $530,000 for April, $540,000 for May, and $565,000 for June. Total sales for March are $309,700. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: Cash sales Answer is not complete. JASPER COMPANY Schedule of Cash Receipts from Sales Collections of prior period sales Total cash receipts April 530,000 May June 540,000 565,000