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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
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 $520,000 for April, $530,000 for May, and $555,000 for June. Total sales for March are $292,100. Prepare a schedule of cash receipts from sales for April, May, and June JASPER COMPANY Schedule of Cash Receipts from Sales Sales: Cash receipts from Cash sales Accounts payable Total cash receipts April May June 520,000 530,000 555,000
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