Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $529,000 for April $539,000 for May, and 5564,000 for June The beginning balance of Accounts Receivable's $295,100 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June April May June 384 Cash salos Sales on account Total sales 62 May June JASPER COMPANY Schedule of Cash Receipts For April May, and June April Cash receipts from Cash sales Collection of accounts receivable Total budgeted cash receipts MacBook Pro 80 888 11