-

Jasper Company has 58% of its sales on credit and 42% 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 $308,300. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales \begin{tabular}{|l|r|r|r|r|} \hline & April & May & \multicolumn{1}{|c|}{ June } \\ \hline Sales & 526,000 & 536,000 & 561,000 \\ \hline Cash receipts from: & & & & \\ \hline & & & & \\ \hline & & & \\ \hline Total cash receipts & & & \\ \hline \end{tabular}