Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 65% of its sales on credit and 35% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $531,000 for April, $541,000 for May, and $566,000 for June. Total sales for March are $303,400. 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 531,000 May June 541,000 566,000