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Jasper Company has 63% of its sales on credit and 37% for cash. All credit sales are collected in full in the first month

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Jasper Company has 63% of its sales on credit and 37% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $519,000 for April, $529,000 for May, and $554,000 for June. Total sales for March are $301,600. 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: Total cash receipts April May June 519,000 529,000 554,000

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