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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
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 $531,000 for April, $541,000 for May, and $566,000 for June. Total sales for March are $291,600. 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: Total cash receipts April May June 531,000 541,000 566,000
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