Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 56% of its sales on credit and 44% 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 $292,300. Prepare a schedule of cash receipts from sales for April, May, and June. x Answer is not complete. JASPER COMPANY Schedule of Cash Receipts from Sales April May June Sales 526,000 536,000 561,000 Cash receipts from: Cash sales $ 231,440 ~ $ 235,840 ( $ 246,840 Collections of prior period sales 294,560 300, 160 Total cash receipts $ 530,400 $ 547,000