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Jasper Company has 64% of its sales on credit and 36% for cash. All credit sales are collected in full in the first month following
Jasper Company has 64% of its sales on credit and 36% 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 $294,600. Prepare a schedule of budgeted cash receipts for April, May, and June. April Cash sales Sales on account 36% 64% Total sales Cash receipts from: JASPER COMPANY Schedule of Cash Receipts April May June May June < Prev 6 of 11 Next > Prepare a schedule of budgeted cash receipts for April, May, and June. April Cash sales 36% Sales on account 64% Total sales Cash receipts from: Cash sales May June JASPER COMPANY Schedule of Cash Receipts April May June Collection of accounts receivable Total cash receipts 12
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