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 $523,000 for April, $533,000 for May, and $558,000 for June. Total sales for March are $297700 Prepare a schedule of budgeted cash receipts for April May, and June April May June Cash sales 41% 59% Sales on account Total Sales May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from Cash sales Collection of accounts receivabio Total cash receipts