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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

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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 following the sale. The company budgets sales of $533,000 for April, $543,000 for May, and $568,000 for June. Total sales for March are $302,000. 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 533,000 May June 543,000 568,000

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