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Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following
Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $524,000 for April, $534,000 for May, and $559,000 for June. Total sales for March are $303,600. 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 524,000 May June 534,000 559,000
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