Exercise 22-18 Budgeted cash receipts LO P2 6.66 points Jasper Company has sales on account and for cash. Specifically, 63% of its sales are on account and 37% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $528,000 for April, $538,000 for May, and $563,000 for June. The beginning balance of Accounts Receivable is $300,200 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. eBook April May June Cash sales Sales on account Total sales 37% 63% Hint Print JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable May June Total budgeted cash receipts