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 $518,000 for April, $528,000 for May, and $553,000 for June. Total sales for March are $291,800. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 39% 61% Sales on account Total sales S 0 0 $ 0 May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from: Cash sales Collection of accounts receivable Total cash receipts