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how do I get collection of accounts receivable?? Check my work Jasper Company has sales on account and for cash. Specifically, 59% of its sales
how do I get collection of accounts receivable??
Check my work Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $520,000 for April, $530,000 for May, and $555,000 for June. The beginning balance of Accounts Receivable is $304,600 on April 1. 6.66 points Prepare a schedule of budgeted cash receipts for April, May, and June. eBook Hint $ $ $ Cash sales Sales on account Total sales 41% 59% April 213,200 306,800 520,000 May 217,300 312,700 530,000 June 2,275,550 327,450 2,603,000 Print $ $ $ May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales $ 213,200 $ Collection of accounts receivable i 304,600 Total budgeted cash receipts $ 517,800 217,300 $ 2,275,550Step by Step Solution
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