Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 60% of its sales on credit and 40% 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 $301,000. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May 526,000 536,000 June Sales 561.000 Cash receipts from: Total cash receipts