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Jasper Company has 5 8 % of its sales on credit and 4 2 % for cash. All credit sales are collected in full in
Jasper Company has of its sales on credit and for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $ for April, $ for May, and $ for June. Total sale for March are $
Prepare a schedule of cash receipts from sales for April, May, and June.
JASPER COMPANY
Schedule of Cash Receipts from Sales
tableApril,,May,JuneSalesCash receipts from:,,,,.,fCash sales,$$Collections of prior period sales,,Total cash receipts $$
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