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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
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 $528,000 for April, $538,000 for May, and $563,000 for June. Total sales for March are $294,000. Prepare schedule of cash receipts from sales for April, May, and June.
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