Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 63% of its sales on credit and 37% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $533,000 for April, $543,000 for May, and $568,000 for June. Total sales for March are $290,400. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May June Sales 533,000 543,000 568,000 Cash receipts from: Cash sales $ 197,210 $ 200,910 $ 210,160 Collections of prior period sales Total cash receipts