Jasper Company has 62% of its sales on credit and 38% for cash. All credit sales are collected in full in the first month following sale. The company budgets sales of $534,000 for April, $544,000 for May, and $569,000 for June. Total sales for March are $294,200. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales Sales Cash receipts from Cash sales Accounts receivable. Total cash receipts 4 13 April May June 534,000 544,000 569,000