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Jasper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in full in the first month following

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Jasper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $526,000 for April, $536,000 for May, and $561,000 for June. Total sales for March are $296,300 Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash salos Sales on account 43% 57% Total sales May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from Cash sales Collection of accounts receivable Total cash receipts

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