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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

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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 $530,000 for April, $540,000 for May, and $565,000 for June. Total sales for March are $290,100 Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May 530,000 540,000 Sales June 565,000 Cash receipts from: Total cash receipts

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