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Her Jasper Company has 56% of its sales on credit and 44% for cash. All credit sales are collected in full in the first
Her Jasper Company has 56% of its sales on credit and 44% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $521,000 for April, $531,000 for May, and $556,000 for June. Total sales for March are $299,800. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: Total cash receipts JASPER COMPANY Schedule of Cash Receipts from Sales April May June 521,000 531,000 556,000
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