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Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full in the first month

Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full inthe first month fol

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 $519,000 for April, $529,000 for May, and $554,000 for June. Total sales for March are $308,500. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May June Sales 519,000 529,000 554,000 Cash receipts from: Total cash receipts

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April May June Cash sales 42 217980 519000 42 222180 5290042 232680 5540... blur-text-image

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