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Jasper Company has 59% of its sales on credit and 41% for cash. All credit sales are collected in full in the first month following

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Jasper Company has 59% of its sales on credit and 41% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $532,000 for April, $542,000 for May, and $567,000 for June. Total sales for March are $302,800. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May Sales 532,000 542,000 Cash receipts from: June 567,000 Total cash receipts

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