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 $525,000 for April, $535,000 for May, and $560,000 for June. Total sales for March are $305,100. Prepare a schedule of budgeted cash receipts for April, May, and June. April Cash sales Sales on account 42% 58% Total sales Cash receipts from: Cash sales May June JASPER COMPANY Schedule of Cash Receipts April May June Collection of accounts receivable Total cash receipts