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Jasper Company has 60% of its sales on credit and 40% for cash. All credit sales are collected in full in the first month
Jasper Company has 60% of its sales on credit and 40% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $535,000 for April, $545,000 for May, and $570,000 for June. Total sales for March are $303,100 Prepare a schedule of cash receipts from sales for April, May, and June, Sales Cash receipts from Total cash receipts JASPER COMPANY Schedule of Cash Receipts from Sales April 535,000 May June 545.000 570,000
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