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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 $533,000 for April, $543,000 for May, and $568,000 for June. Total sales for March are $291,000. Prepare a schedule of budgeted cash receipts for April, May, and June.
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