Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 59% of its sales on credit and 41% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $516,000 for April, $526,000 for May, and $551,000 for June. Total sales for March are $300,100 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 516,000 526,000 551,000